Gibraltar Industries Acquires TerraSmart and Sunfig
December 31, 2020
Gibraltar Industries (Nasdaq: ROCK) acquired TerraSmart, a provider of screw-based ground-mount solar racking, for $220.0 million (approximately $228.2 million including working capital adjustments) and acquired Sunfig, a solar project design and modeling software provider, for $3.75 million in cash. The deals expand Gibraltar's renewable energy platform and capabilities across ground-mount racking, tracker systems, and solar project design/financial modeling to grow its solar energy business.
- Buyers
- Gibraltar Industries, Inc.
- Targets
- TerraSmart, Sunfig
- Industry
- Energy
- Location
- Florida, United States
- Transaction Type
- Buyout
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