Gibraltar Industries buys TerraSmart and Sunfig

Gibraltar Industries, Inc. has announced its acquisitions of TerraSmart and Sunfig. TerraSmart, a provider of screw-based, ground-mount solar racking technology, particularly used for solar projects installed on challenging terrain, was acquired for US$220 million, subject to working capital adjustments. Sunfig, a provider of software solutions that optimize solar energy investments through upstream design, performance, and financial modeling, was acquired for US$3.75 million in cash.

The combined transactions are expected to be immediately accretive to earnings.