Turnkey Capital to buy Florida PV installer Affordable Solar Solutions

Florida-based financial advisory company Turnkey Capital Inc (OTCMKTS:TKCI) said it has signed a letter of intent (LoI) to buy local firm Affordable Solar Solutions, it was announced on Friday.

Affordable Solar designs and installs photovoltaic (PV) systems for residential and commercial clients across the Southeastern US.

Turnkey Capital is to acquire Affordable Solar in an all-stock deal. The companies are close to reaching definitive agreements and expect to complete the transaction in the next month.

"By adding Affordable Solar to our portfolio of companies, it not only accelerates our revenue growth in one of the fastest growing markets worldwide but also provides an ability to cross market between our other investments and expand our market reach," Turnkey Capital president Alan Tucker noted.

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