RedShift Energy Buys Superior Solar Systems

Feb 4 2009 | 8:45am ET

Illinois-based RedShift Energy, an arm of the RedShift Capital investment firm, has acquired Superior Solar Systems. Superior Solar is a leading solar energy design and installation firm specializing in solar pool heaters, solar water heaters and photovoltaic systems used for producing solar electricity. Serving commercial, institutional and residential markets, the company has been in operation for more than 25 years. It's located in Longwood, Florida, a suburb of Orlando.

Roger Hruby, managing partner of RedShift Energy, said, "We are elated to make this investment in this particular company because of its technology, capabilities and experienced solar team. This acquisition will serve as the solar energy cornerstone for our alternative energy platform."

David Haddaway, the CEO and former majority stockholder of Superior Solar, said, "RedShift brings vital capital plus a seasoned professional entrepreneurial management approach to fuel the growth of our business and create opportunities for our most important resource, our employees."

RedShift Capital, located in Burr Ridge, Illinois, invests in and manages operations in technology, real estate, alternative energy and banking.

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