ROUND
ROCK, Texas, Feb. 5, 2025
/PRNewswire/ -- RB Residential, Inc. ("Restoration Builders," "RB
Residential" or "the Company"), renowned for its premier roofing
repair and restoration services, is excited to announce the signing
of a Letter of Intent (LOI) with Sky Quarry, Inc. (NASDAQ: SKYQ), a
trailblazer in transforming the waste asphalt shingle recycling
industry. This strategic alliance aims to propel sustainable
practices within the roofing industry.
This pivotal LOI marks the commencement of a collaboration that
targets integrating eco-friendly solutions into roofing services.
RB Residential and Sky Quarry are dedicated to environmental
stewardship, supporting communities, and enhancing service quality
through innovative solutions.
RB Residential's Commitment to Excellence and
Sustainability
RB Residential provides comprehensive roofing services,
including inspections, repairs, replacements, and storm damage
restoration. With an extensive network of skilled contractors, the
company is dedicated to delivering exceptional service to
residential and commercial clients. Steadfast with its core values
of protecting, restoring, and building, RB Residential is poised to
expand its environmental impact by leveraging Sky Quarry's
sustainable solutions.
Sky Quarry's Innovative Recycling Technology
Sky Quarry Inc. has pioneered innovative methods for reclaiming
and repurposing waste asphalt shingles into valuable, eco-friendly
commercial products. Through this partnership, RB Residential will
incorporate sustainable materials sourced from Sky Quarry, thereby
reducing waste and championing the use of environmentally friendly
products in their roofing projects.
Voices from the Leadership: A Shared Vision
"We are thrilled to explore a partnership and potential merger
with Sky Quarry," said Mike Jaap,
Chief Executive Officer of RB Residential, Inc. "This collaboration
will enhance our ability to offer sustainable solutions to our
customers and advance our mission to protect and restore properties
while actively supporting our communities. It's a win-win for our
businesses, customers, and the environment."
"Bringing RB Residential under the Sky Quarry umbrella in a
potential partnership or merger would be an ideal match for us,"
said David Sealock, CEO of Sky
Quarry Inc. "Their unwavering commitment to quality and
sustainability aligns perfectly with our vision of making a
significant environmental impact. Together, we can revolutionize
the roofing industry by promoting recycling and innovation."
Towards a Sustainable Future
The LOI is non-binding upon the parties and sets forth an
initial framework whereby Sky Quarry would seek to acquire the
Company, subject to negotiation as to the structure and
consideration to be paid, continued due diligence and stockholder
approval. The LOI further establishes a collaborative
framework, detailing shared objectives and outlining the initial
steps towards integrating sustainable practices into RB Residential
operations. Thus, it marks the dawn of a new era in sustainable
roofing solutions.
About RB Residential
Restoration Builders, Inc., is a technology-driven residential
and commercial contractor in the United
States. It specializes in roofing, siding, windows, and
solar solutions and offers top-quality craftsmanship and
unparalleled customer service. Restoration Builders aims to
protect, restore, and build properties, strengthen families, and
support communities. For more information, please visit Restoration
Builders, RB Residential.
About Sky Quarry
Sky Quarry Inc. is an eco-friendly company focusing on
sustainable solutions for repurposing waste asphalt shingles. It is
committed to revolutionizing the roofing industry and promoting
environmental sustainability by transforming these waste materials
into valuable commercial products. Sky Quarry's waste-to-energy
mission is to repurpose and upcycle millions of tons of asphalt
shingle waste, diverting them from landfills. By doing so, Sky
Quarry can contribute to improved waste management, promote
resource efficiency, conserve natural resources, and reduce
environmental impact. For more information, please visit Sky
Quarry.
Contact:
Media Contact:
Janet Carnell Lorenz
(425) 620-1800
389778@email4pr.com
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content:https://www.prnewswire.com/news-releases/rb-residential-and-sky-quarry-combine-forces-with-loi-to-integrate-advanced-sustainability-tech-with-expert-roofing-services-302368534.html
SOURCE Restoration Builders
