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Harrison Vickers & Waterman, Inc. (HVCW) reported exceptional performance in September 2022, achieving 201 total installations, a significant increase from 20 in September 2021. This marks a 32% month-over-month rise and approximately a 10x year-over-year growth. Total sales reached 302, compared to 30 last year and 262 in August 2022, indicating a 15% month-over-month increase. GoodLeap funded 152 installations, with an average loan amount of $35,653 and a high FICO Score of 777. The company anticipates continued growth in October.
Modern Pro Solutions, led by CEO Bobby Tetsch, has been named a finalist for the 2022 Spirit of the Entrepreneur Awards in the Distribution/Wholesale category, selected from over 200 nominees. The awards ceremony will take place on November 17th in Riverside, CA. The company achieved remarkable success, ranking No. 87 on the Inc. 5000 list with a staggering 4,906% revenue growth rate over three years. Tetsch aims for further expansion, including plans for a NASDAQ listing and enhancements in service offerings.
Harrison, Vickers & Waterman, Inc. (HVCW) has outlined its growth strategy for 2022, emphasizing the expansion of its solar business through its subsidiary, Modern Pro Solutions (MPS). The company reported a sales growth exceeding 24% month-over-month from May to August. New regional hubs are planned in Texas, Florida, and the Mid-Atlantic, enhancing its service capabilities. MPS's operations have shown strong demand, with an expected launch in the Dallas Ft. Worth area by Spring 2023. Additionally, Jeff Canouse has stepped down from the company.
HVCW provided a detailed update to shareholders on August 23, 2022, outlining the company's growth and future objectives following its merger with Modern Pro Solutions. This strategic move aims to enhance its foothold in the solar industry, aligning with the global energy crisis and the Inflation Reduction Act, which incentivizes homeowners to adopt solar solutions. HVCW plans to expand its services, including HVAC and roofing, while scaling its manufacturing capabilities to address supply chain challenges. Currently based in Chino, CA, the company employs over 110 individuals and is targeting expansion into Texas.
CHINO, CA / ACCESSWIRE / August 17, 2022 / Modern Pro Solutions has been ranked No. 87 on the Inc. 5000 list, marking its debut on this prestigious ranking of America’s fastest-growing private companies. The company achieved an impressive three-year revenue growth rate of 4,906%, securing the 5th position in the Energy sector and 13th in California. This recognition underscores the company's effective growth strategy and the resilience shown amid economic challenges. The complete results will be available in the upcoming September issue of Inc. magazine.
Harrison, Vickers & Waterman (HVCW) finalized its merger with Pacific Energy Network (PEN) on August 8, 2022, under a plan established on July 15, 2022. This merger positions HVCW to leverage PEN's extensive reach in the home services industry, including solar, roofing, and HVAC, enhancing shareholder value. PEN, founded in 2016, has rapidly expanded its market presence, offering diverse services and prioritizing customer satisfaction. CEO Bobby Tetsch expressed optimism about future growth opportunities in the public market.
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