SPI Energy Co. Ltd., Santa Clara, Calif., a global renewable energy company and provider of photovoltaic and electric vehicle solutions, has announced SolarJuice American Inc., a wholly owned subsidiary of SPI Energy Co., acquired the consumer contracts of Petersen-Dean Inc., Pleasanton, Calif., one of the largest full-service, privately held roofing and solar companies in the U.S.
Petersen-Dean was generating $300 million to $400 million in sales annually with favorable profit margins before the COVID-19 pandemic.
“Our acquisition of these consumer contracts could save thousands of U.S. jobs that were in jeopardy following Petersen-Dean’s Chapter 11 filing in June 2020,” said Xiaofeng Peng, chairman and CEO of SPI Energy. “This is also a major win for us as we work to accelerate our penetration in the vast U.S. markets and create better renewable products and services for American residential customers.”
Founded in 1984, Petersen-Dean was one of the U.S.’ largest independently owned solar and roofing companies specializing in new residential construction. At its peak, the company employed nearly 3,000 solar and roofing employees in nine states: Arizona, California, Colorado, Florida, Hawaii, Louisiana, Nevada, Oklahoma and Texas.
