Buffalo, N.Y.-based Gibraltar Industries Inc. – a manufacturer and distributor of building products for the residential, industrial, infrastructure, and renewable energy and conservation markets – has acquired California-based SolarBOS, a privately held provider of electrical balance-of-system products for the U.S. solar market, in an all-cash transaction.
On a trailing 12-month basis, SolarBOS reported revenues of $13.5 million, says Gibraltar. The acquisition is expected to be accretive beginning in 2019 following integration in 2018.
“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,” says Gibraltar’s CEO, Frank Heard. “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 U.S. solar renewable energy market. We welcome the SolarBOS team to the Gibraltar family.”