Blackstone Renewable Energy Affiliate Acquires Solar Division of Leading National Roofing Company
Onyx Renewable Partners announces that it has acquired Tecta Solar from Tecta America, a leading national roofing company. Tecta Solar provides financial analysis, system design, utility interfaces, financing alternatives, system installation, and maintenance of solar facilities. The transaction includes a long term agreement for Onyx and Tecta to work closely together to provide unparalleled solar development and related roofing services to their mutual customers.
Matt Rosenblum, CEO of Onyx, stated, “Tecta America’s dual capability in roofing and solar development brings an exciting opportunity to Onyx and a highly compelling offering to our customers. I am delighted that we can now combine our capabilities and look forward to creating an exciting future together.”
“We look forward to working with Onyx and believe that this transaction increases our ability to provide a broad range of solar and roofing solutions to our customers, as well as supporting Onyx’s portfolio”, said Mark Santacrose, Tecta’s President and CEO. “Our Tecta Solar team has done an amazing job of building our solar business and we look forward to this partnership helping to drive continued growth.”
Tecta America is the nation’s premier commercial roofing contractor with 50+ operations located from coast to coast. Our unyielding commitment to quality, expertise and professionalism is what makes us the industry leader. Installations of all types, repairs, emergency response, sustainability options and more—we offer the responsiveness of a local roofing contractor backed by the resources and stability you need from a national provider of commercial roofing solutions.
Onyx is a renewable energy development company established by funds managed by Blackstone Energy Partners that is focused on greenfield development in the North American solar and wind sectors. The Onyx team brings over 250 years of collective industry experience and perspective, having developed more than 1 GW of renewable projects. As a full service firm with capabilities including development and construction through financing and operations, Onyx is able to provide creative solutions to large energy users and land owners in North America. Onyx prides itself on its ability to bring together exceptional talent with deep industry knowledge to solve challenging issues for customers looking to maximize renewable power generation. Onyx is headquartered in New York City.