Gibraltar Industries Acquires Assets of Thermo Energy Systems
January 17, 2020
Gibraltar Industries (Nasdaq: ROCK) acquired the assets of Canadian-based Thermo Energy Systems in an all-cash transaction to expand its commercial greenhouse and controlled-environment agriculture capabilities. Thermo is expected to contribute a run-rate of approximately $75 million of annual revenue and the deal strengthens Gibraltar's position in the biologically-grown organic food market.
- Buyers
- Gibraltar Industries, Inc.
- Targets
- Thermo Energy Systems
- Sellers
- Thermo Energy Systems
- Industry
- Manufacturing
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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