Smith Expands into the Solar Market
Smith acquires ONTILITY’s solar distribution and service business
(HOUSTON, TEXAS) August 8, 2016 - Smith today announced its expansion into the solar market. Smith, a global distributor of electronic components and semiconductors, is now positioned as a leader in the solar industry through its acquisition of ONTILITY’s solar distribution and service business. ONTILITY, a leading wholesale distributor of solar equipment and provider of solar design and consulting services, will now be operating under Smith’s direction and control.
ONTILITY brings Smith over seven years of expertise in the distribution and support of solar products such as solar modules, inverters, racking, and BOS material. ONTILITY’s expansive customer base of solar installers, contractors, and developers will continue to grow under Smith’s leadership.
“I see incredible opportunity for Smith and for ONTILITY,” said Lee Ackerley, co-founder of Smith. “ONTILITY’s strategic partnerships will allow Smith to emerge as a leader within the solar industry. Smith’s global presence, IT infrastructure, financial stability, and premier facilities will add to ONTILITY’s momentum in the solar market.”
Smith’s growth into the solar market also reflects the organization’s corporate culture surrounding environmental sustainability. Operations at Smith’s Houston headquarters run partially on renewable energy generated by a full solar photovoltaic system.
“Smith is proud to be an industry leader in sustainability, in both our offices and our supply chain operations worldwide,” said Art Figueroa, environmental director of Smith. “Smith’s dedication to thinking, acting, and operating green makes our expansion into the solar market a cultural fit as well as a strategic move.”
Founded in 1984, Smith is a global distributor of semiconductors and electronic components and a trusted provider of efficiency-enhancing supply chain services to electronics and high-tech manufacturers. Smith’s investment in advanced in-house labs, a highly trained professional team, and strategically located global support centers offers our partners complete sourcing and inventory management solutions.
A privately held company, Smith employs more than 400 people worldwide, with over $750 million in sales annually. Smith's regional hubs in Houston, Hong Kong, and Amsterdam are ISO-certified. In addition, sales and purchasing offices are located in Austin, Silicon Valley, Guadalajara, New York, Shanghai, Shenzhen, Seoul, Taipei, Penang, and Bangalore. For more information, see http://www.smithweb.com/ or, to reach a Smith representative 24 hours a day, please call: 1.800.HOUSTON or +1 713.430.3000.
For more information, contact:
Smith, V.P. of Marketing