RB Residential and Sky Quarry Combine Forces with LOI to Integrate Advanced Sustainability Tech with Expert Roofing Services

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. 

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SOURCE Restoration Builders