WindPower Innovations expands by acquiring RIG Construction

WindPower Innovations Inc. announced Wednesday it has executed agreements to acquire RIG Construction Inc. in an all stock transaction, with closing anticipated to occur in less than 30 days.

According to a statement from WindPower Innovations, RIG Construction operates two subsidiaries and posted unaudited results of more than $6 million in revenue in 2012 and is exceeding those numbers by 30 percent so far in 2014.

WindPower Innovations CEO John Myers said the move is the company’s first step to “becoming a sustainable technology holding company focused on enhancing value for all our shareholders.”

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