Shaw Acquires Watershed Solar
Dalton, GA, February 6, 2023 – Shaw Industries Group has completed the purchase of a controlling interest in Watershed Solar.
Watershed Solar provides patented renewable energy solutions. The technology, branded PowerCap, supplies low-profile, high-output solar arrays on top of landfills, coal ash closures, and rooftops-turning liabilities or underused spaces into renewable energy assets.
Shaw announced in October 2021 that it had purchased a significant controlling interest in Watershed Geosythentics and entered into a letter of intent to acquire controlling interest in Watershed Solar. With this transaction now complete, Watershed Solar and Watershed Geo will operate as Watershed Geo, providing sustainable solutions to its customer base of large utilities, government agencies and global industries.
Watershed Geo services the environmental and civil sectors, with more than 3,300 acres of projects completed across 41 states and three continents.
Shaw originally invested in Watershed Geo in 2011 to infuse capital and diversify the company’s use of its artificial turf manufacturing assets. Shaw is the exclusive provider of turf to Watershed Geo.