How much did ADT buy Sunpro for?

How much did ADT buy Sunpro for?

approximately $825 million
On November 9th, 2021, ADT announced its intention to acquire Sunpro Solar for approximately $825 million in cash and ADT stock. The acquisition will result in a new nationwide solar brand called ADT Solar, which will retain Sunpro’s founder and management team as it rapidly scales to address a much larger market.

How many employees does Sunpro have?

With over 1400 employees, Sunpro Solar currently operates in 15 states.

How much is Sunpro worth?

The home-security company is buying Sunpro Solar for about $825 million, including debt, using $160 million in cash and 77.8 million shares of ADT stock.

Where are Sunpro Solar panels made?

LG’s U.S. solar module production is located in Huntsville, Ala. LG Electronics USA Inc., headquartered in Englewood Cliffs, N.J., is the North American subsidiary of LG Electronics Inc., a $53 billion global innovator in technology and manufacturing.

Is Sunpro a good company to work for?

Sunpro is a great company to work for. They truly value people and has a very generous bonus program as well as they match your 401k up to 6%. Sunpro recently handed out a $1000 to every fulltime employee after a banner year.

Is SunPro still in business?

The company completed its acquisition of Sunpro in December 2021 and rebranded to ADT Solar.

Where are SunPro Solar panels made?

What brand of solar panels does Sunpro use?

LG
Before its purchase, Sunpro’s preferred panels came from LG. LG made some of the best and most widely used panels in the industry, but recently it announced it will stop manufacturing panels in the spring of 2022.

How big is Sunpro solar?

What is Sunpro solar?

Sunpro Solar is a solar energy company that offers grid-tied solar panel system installation in 22 states. It can get your system up and running in several weeks. Sunpro also installs Tesla Powerwall energy storage and solar batteries to provide power through the night and help you avoid electrical surge prices.