In three years with the bishop and buttons purchased Verengo in leveraged buyout (LBO), the company has gone through a dramatic change. Originally operating residential windows and insulation, after the economic downturn in 2008 the company switched gears and began offering solar installations to local residential customers. With a favorable regulatory changes and the partnership of consumer lending, Verengo solar business took off and became the main focus of the company. By the end of 2010, Verengo has grown to $ 27 million in revenue and was the largest solar integrator in Southern California. In December 2010, Verengo has raised $ 9.7 million in funding for capital growth and examines their potential for future growth. In an effort to expand into markets outside of Southern California, Bishop and buttons knew they were carefully evaluated many options firm and tightly manage its growth. "Hide
by William A. Sahlman, Joseph B. Lassiter, Liz Kind Source: Harvard Business School 28 pages. Publication Date: 04 Oct 2011. Prod. #: 812049-PDF-ENG
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