Gibraltar Industries acquires SolarBOS to grow within renewable energy market
On a trailing 12-month basis, SolarBOS reported a total revenue of US$13.5 million. Image: Chandra Marsono / Creative Commons
Building product manufacturer and distributor Gibraltar Industries has signed off on a deal to acquire SolarBOS, a California-based, privately-held provider of electrical balance of systems products for the US PV market.
On a trailing 12-month basis, SolarBOS reported a total revenue of US$13.5 million. The acquisition is expected to be accretive beginning in 2019 following integration in 2018.
Gibraltar CEO Frank Heard said: “SolarBOS’ deep understanding of solar electric systems and high-voltage DC applications will expand our integrated solar racking and engineering solutions and provide complementary offerings to our existing customers.
“In line with our acquisition strategy, we expect the addition of SolarBOS to provide Gibraltar with a distinct competitive advantage and strengthen Gibraltar’s position in the US solar renewable energy market. We welcome the SolarBOS team to the Gibraltar family.”
Solar & Storage Finance USA
Now in its sixth successful year, Solar & Storage Finance USA is the only event which looks at raising capital for solar, storage and collocated solar and storage projects in the USA. The conference will help delegates understand how providers are evolving propositions for storage and how they can access capital for standalone solar or storage, and co-located projects. Meet debt providers, funders, utilities, corporate off takers and blue chip energy firms with capital to invest and developers with credible pipelines.
Also read...
-
Affordable solar-plus-storage ‘hard to beat’ for coal
-
Ohio authorities approve construction for 470MW of PV power
-
Recurrent Energy sells equity stake in 134MW PV project in California
-
ROUND-UP: Solar leads digital era, Energix buying from First Solar, Canadian Solar financing
-
Innogy acquires two US projects with Duke Energy PPAs
Comments