SolarCity to acquire Zep Solar for $158M

|About: SolarCity Corp. (SCTY)|By:, SA News Editor

The all-stock deal has SolarCity (SCTY) purchasing one of its main component suppliers - Zep provides mounting systems for solar installations.

"Zep Solar's product allows each of our crews to install significantly more solar every day, and it looks better on the roof than any comparable product we've seen. By acquiring Zep Solar, we can deliver solar electricity at a lower cost than was previously possible."

Zep CEO Mike Miskovsky will remain in charge of the company.