Europe’s Esdec Buys Two More US Solar Racking Companies

By [email protected] One year after jumping into the U.S. solar market, Dutch racking company Esdec has bought its way to the top.

This week Esdec announced acquisitions of two U.S. racking companies: IronRidge and Quick Mount PV, both headquartered in California. Combined with its purchase of Arizona-based EcoFasten last year, Esdec said its U.S. portfolio now commands 60 percent of the U.S. residential racking market.

Esdec declined to offer specifics on the costs of the deals.

The companies also declined to break out their individual revenues or market shares, but Esdec said its combined portfolio in Europe and the U.S. rakes in $250 million

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