Principal Solar, Inc. completed the acquisition of 21% of Double H Services, LLC.
March 31, 2021
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Principal Solar, Inc. (OTCPK:PSWW) executed a Letter of Intent to acquire 21% of Double H Services, LLC on February 19, 2021. As per the transaction, investment is to be contemplated to be comprised of a combination of cash, and assumption of debt. Additional terms were not disclosed but are expected to be forthcoming as the transaction is formalized and completed.
Principal Solar, Inc. (OTCPK:PSWW) completed the acquisition of 21% of Double H Services, LLC earlier in 2021.
Principal Solar, Inc. is a strategic investor in and acquirer of organizations and technologies that support opportunities in traditional, renewable, and clean energy sectors as well as an acquirer and operator of undervalued petroleum-producing properties. The Company conducts business through its subsidiaries, providing consulting in the energy sector, licensing, and commercializing energy related intellectual property, and engaging in a selection process and conducting due diligence for future acquisitions. Its subsidiaries include Bayou Road Investments, Inc. (Bayou Road Investments), NexTeal Energy, and E-3 Petroleum. Bayou Road Investments seeks to acquire licenses for patented technology, primarily in the green energy sector, and to subsequently monetize these technologies. NexTeal is focused on heavy electric vehicle (EV) technologies. E-3 Petroleum houses the Companyâs investments and acquisitions in oil and gas properties.