ABCO Energy, Inc. (OTCPK:ABCE) is seeking acquisitions. ABCO Energy, Inc. entered into a S1 financing agreement with Oasis Capital LLC, for a $5 million offering that will sell ABCO's common stock at 85% of the market price. The funding will be utilized to provide working capital to complete $1.5 million backlog, retire expensive debt and provide funding for acquisitions and mergers. The company has been negotiating for acquisitions with solar product and service providers, air conditioning and refrigeration service providers and LED lighting providers in the Western states.
ABCO Energy, Inc. is in the photo voltaic (PV) solar systems industry, the light-emitting diode (LED) and energy efficient lighting business, is an air conditioning system contractor (HVAC) and is an electrical product and services supplier. The Company sells and installs Solar Photovoltaic electric systems that allow the customer to produce their own power on their residence or business property. These products are installed by its crews and are purchased from both the USA and offshore manufacturers. It also sells and installs energy efficient lighting products, solar powered streetlights, and lighting accessories. It contracts directly with manufacturers to purchase its lighting products which are sold to residential and commercial customers. Its solar offers solar systems operations and maintenance services to residential and commercial customers that have solar systems built by it or other solar installers. It operates and maintains systems in many cities in Arizona.