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.


In Depth

Part II: Roubini Talks Risk, Recovery And The Threat Of A Triple Dip Recession

Oct 21 2014 | 12:41pm ET

In the second half of our interview with Nouriel Roubini, FINalternatives editor...

Lifestyle

Balyasny Pays Over $6M For Lakefront House

Oct 22 2014 | 10:29am ET

A venture headed by hedge fund manager Dmitry Balyasny just paid $6.2 million for...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.