Equal Earth Unwinding Acquisition of Hawaii Retail Services
San Diego, CA, April 24, 2015 (Newswire.com) - Equal Earth today announced that it has substantially completed the unwind of the acquisition of Hawaii Retail Services, a specialty retail services company based out of Oahu. The Hawaii Retail Services transaction is being unwound based on the post- acquisition discovery of material undisclosed irregularities and other operational audit failures.
Based on the seller’s actions Equal Earth confirms that as of March 23, 2015, Hawaii Retail Services is no longer a part of the Equal Earth portfolio although substantial Equal Earth claims will not be resolved until the completion of the unwind process. The acquisition was publicly announced in November of last year.
About Equal Earth
Equal Earth is a leading provider of solar systems for homes, businesses and government organizations. We help customers to gain their energy independence and reduce their electricity bills with clean solar power that costs less than expensive utility rates. We offer customers the opportunity to take control of future energy costs while contributing to a cleaner planet. Learn more about how we are helping change the way the world is powered at www.equalearthcorp.com.