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PMAX News
PMAX Events
Powell Max Plans to Acquire Blackrod to Enter Defense Sector
Powell Max announced its intention to enter the defense and security sector. The company plans to do so through a strategy of acquiring and consolidating complementary defense, technology, manufacturing and protection businesses. The first part of this strategy is the company's continued pursuit of the previously announced proposed acquisition of the remaining ownership interests in Blackrod. Blackrod holds the exclusive rights to manufacture and sell Remington Firearms. As of the date of this release, the proposed Blackrod transaction is the only acquisition that is the subject of a letter of intent or agreement with the company. The company has not entered into a letter of intent or definitive agreement with any other company, including any company involved in the military technology, cybersecurity, drones, counter-drone technology or any other defense or security sector. PMAX may also evaluate opportunities in related areas of interest that include interceptor drone systems, counter-drone technologies, cybersecurity, military support, protective equipment and critical infrastructure security. These areas reflect the company's exploratory strategy only. They do not represent pending, imminent or committed transactions.
Powell Max Signs Share Exchange Agreement with Blackrod Holdings
Powell Max announced that it has signed a share exchange agreement with Blackrod Holdings, the parent company of Remington Firearms. The agreement marks a "significant" step in PMAX's strategy to expand into new markets and pursue opportunities for growth. In connection with the transaction, PMAX has initially acquired a minority stake in Blackrod and the agreement establishes an exclusivity period to pursue a larger business combination. The parties intend to negotiate a definitive agreement under which PMAX would acquire the remaining ownership interests in Blackrod.
Powell Max Ltd Trading Halted, News Pending
Powell Max Ltd trading halted, news pending
Boston Solar Partners with Sunrite for Competitive Solar Financing
Boston Solar announced a strategic partnership with Sunrite. The partnership is designed to give homeowners access to the most competitive lease and PPA rates available in the market today. The collaboration unites Boston Solar's installation expertise with Sunrite's flexible financing platform, creating a comprehensive offering for homeowners who want an affordable, predictable, and hassle-free path to solar energy. The company said, "Through the partnership, homeowners will gain access to: Industry-leading lease and PPA rates tailored to maximize monthly savings; $0-down financing options that lower the barrier to entry for solar adoption; Fast, streamlined approvals through Sunrite's advanced financing platform; Premium installation services delivered by Boston Solar's licensed, certified experts; Performance guarantees and long-term peace of mind, protecting system reliability and energy savings over time."
Powell Max Signs LOI to Acquire Boston Solar Company for $9M
Powell Max has signed a non-binding letter of intent to acquire The Boston Solar Company, a vertically-integrated regional EPC solar installer. "Our move to begin the acquisition process for Boston Solar reflects that commitment. As demand for energy rises across the U.S., fueled by AI, automation, and rapid technological change, we believe Boston Solar offers a strong platform for long-term growth," said Geordan Pursglove, chairman and CEO of Powell Max. Pursuant to the LOI, the transaction is valued at $9M, including the assumption of up to $7M debt. Following closing, Powell Max expects to provide to Boston Solar up to $20M in working capital funding subject to the finalization of the definitive agreement and the company's ability to secure capital.
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