Central Virginia fuel company acquires solar contracting company Altenergy
The acquisition builds on an ongoing partnership between the two companies over the past 2.5 years. Tiger teamed up with Altenergy in 2018 solar are gourmet-to-go convenience stores, The Market in Preston and The Market in Ruckersville, which supply more than half of each facility’s electrical needs. Tiger also made a grant to Charlottesville Day School in July 2019, to support the installation of a 23.36 kW roof-mounted solar PV system to provide ongoing energy savings and educational opportunities for educators and students.
“We founded Tiger on the principle that we are malleable, welcome change and improve the communities we serve,” said Gordon Sutton, president of Tiger Fuel Company. “Our fuel business is not going to disappear anytime soon, but there is no doubt that the energy landscape is changing. We welcome Altenergy to the Tiger Family and look forward to building a bright future together. “
Day-to-day operations will be managed by the Altenergy team, with gradual integration into Tiger’s back-end operations. The deal marks one of Tiger’s many steps to reduce its carbon footprint as one of the founders of the Green Business Alliance of Community Climate Collaborative. The local fuel supplier plans to add solar energy to its four bulk heating plants, as well as future real estate developments. Tiger recently appointed a new president, Russ Edwards, to accelerate the solar panel company’s long-term growth.
Altenergy has installed 21 MWh of total PV capacity and more than 1,700 projects nationwide. They recently celebrated 16 years in business and operate five locations in Charlottesville, Virginia, Staunton, Virginia, Washington, DC, Boise, Idaho, and Grand Rapids, Michigan.
“Altenergy is built on innovation and service, and we are delighted to join an organization that shares these values. We are eager to partner with the Tiger Family to envision a solar future for our friends and neighbors in the communities we serve, ”added VP of Altenergy, Matt Dunay.
A celebration of the partnership, including a commemorative signing of the acquisition agreement, will take place Friday, May 21 at 12:30 pm at Tiger Fuel Company. Home office in Charlottesville.
News item from Altenergy