Dec 19, 2023 09:22 PST
Mars Power Team, a preserving company for industrial photograph voltaic firms, is ecstatic to shriek a strategic investment into CalState Solar by technique of its subsidiary, Solara Dwelling Power. With this investment, CalState turns into the seventh company to be constructed-in into the Mars Power portfolio.
ROCKLIN, Calif., December 19, 2023 (Newswire.com)
Mars Power Team (‘Mars’), a preserving company for industrial photograph voltaic firms, is ecstatic to shriek a strategic investment into CalState Solar (‘CalState’) by technique of its subsidiary, Solara Dwelling Power. With this, CalState turns into the seventh company to be constructed-in into Mars Power’s portfolio, which entails NewGen Power (the platform company), Solara Dwelling Power, Ready Dwelling Power, K12 Solar, SolarCare+, and Envest.
Essentially based entirely in Murrieta, CA, CalState makes a speciality of catering to builders at some stage in the contemporary home constructing market. As a result of no longer too long up to now enforced Title 24 Building Standards Code in California, all contemporary residential builds are now required to incorporate photograph voltaic panels. This investment strengthens Mars’ presence in the contemporary-home constructing photograph voltaic market and expands our capabilities to the entire articulate of California. James and Chris Pearce, brothers and co-founders of CalState, will lead Mars’ contemporary-home division below Solara as its CEO and COO, respectively.
Abe Emard, CEO of Agriculture, Industrial, and Industrial (ACI) and Shared Services within Mars, feedback, “Our alliance with CalState brings aboard seasoned leadership, cultivated builder relationships, and operational prowess. With James and Chris steerage our contemporary-home division, we’re strategically positioned to dominate the contemporary-home constructing sector and expand our share in the industrial photograph voltaic market.”
The Pearce brothers share the enthusiasm for this endeavor. James remarks, “Becoming a member of forces with Mars permits CalState to harness the intensive sources of a better company, including developments in technology, finance, procurement, and marketing.” Chris provides, “This collaboration empowers us to be privy to our strengths – gross sales, operations, and turning in unparalleled buyer carrier.”
“We welcome CalState and its group into Mars’ family with birth fingers. Integrating CalState into the Mars family aligns with our mission of acquiring distinctive photograph voltaic firms and offering them with the sources of a better organization, while maintaining the essence of a tightly-knit company tradition. The future appears like promising!” remarked Manvendra Saxena, Founder & Executive Chairman of Mars Power Team.
About Mars Power Team
Mars Power Team is a preserving company that acquires photograph voltaic firms & presents put up-acquisition strengthen by utilizing technology, imposing methods, and riding task enhancements.
About Solara Dwelling Power
Solara Dwelling Power makes a speciality of photograph voltaic panel installation products and services for contemporary home builders in California.
Offer: MARS Power