ZenaTech, Inc. (NASDAQ: ZENA) announced that it has signed an offer to acquire a Florida‑based power‑washing company that operates multiple locations across Florida and a second state. The target, which has a 15‑year operating history, will bring a diversified customer base that includes commercial, government, industrial, and homeowner‑association clients.
The acquisition is part of ZenaTech’s broader strategy to roll up traditional, labor‑heavy services and replace them with autonomous drone technology. The company cites the drone‑cleaning segment as growing at nearly 17% annually, with analysts projecting the market to reach $13.2 billion by 2030. By integrating its AI‑powered drones into power‑washing, ZenaTech aims to improve safety, reduce equipment costs, and create a subscription‑based model that can scale across its existing DaaS network.
ZenaTech’s current financial profile shows negative EBITDA and net income, but the company’s management has maintained a focus on cost discipline and strategic investments. Analysts have continued to assign a buy rating to the stock, reflecting confidence in the long‑term upside of the company’s technology platform and its roll‑up strategy.
CEO Shaun Passley said the deal “expands our Drone‑as‑a‑Service footprint in a sector experiencing almost 17% annual growth and transforms a traditional, labor‑heavy service into a high‑growth, technology‑driven business with better margins and stronger differentiation.”
The announcement was well received by investors, who view the acquisition as a key step in expanding ZenaTech’s presence in high‑growth, safety‑critical markets.
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