Gibraltar to acquire TerraSmart for $228m.

Gibraltar, a manufacturer and provider of products and services for the renewable energy, conservation, residential, industrial and infrastructure market, agreed to acquire TerraSmart, a provider of screw-based, ground-mount solar racking technology, particularly used for solar projects installed on challenging terrain, for $228m. "Adding TerraSmart and Sunfig to our existing solar business significantly increases our presence in the $14.3bn domestic solar energy market, strengthens our renewable energy platform, and advances our ambition to deliver higher growth and returns. Equally important, this continued investment demonstrates our ongoing commitment to making solar energy the best choice in energy production. We are very excited to have the TerraSmart and Sunfig teams join Gibraltar and help us advance our vision of creating meaningful value for our people, our communities and our shareholders," Bill Bosway, President and CEO.