Gibraltar Industries, Inc. (NASDAQ: ROCK) announced that it has sold its Renewables electrical balance‑of‑systems (eBOS) business to a subsidiary of GameChange Energy Technologies for $70 million in cash. The sale was completed on February 20 2026 and the announcement was made on February 23 2026.
The divestiture is the first step in a two‑step exit from Gibraltar’s Renewables segment. By shedding the eBOS line, the company is sharpening its focus on higher‑margin building‑products and structures businesses, a strategy that has been emphasized in recent guidance and investor communications. The $70 million proceeds will be used to reduce debt and strengthen the balance sheet, reinforcing Gibraltar’s low debt‑to‑equity profile of 0.05 and its substantial cash reserves.
The sale follows the completion of Gibraltar’s $1.335 billion acquisition of OmniMax International on February 2 2026. OmniMax expands Gibraltar’s residential building‑products platform and is expected to be accretive to margins and cash flow, with more than 80 % of the combined entity’s revenue projected to come from the residential segment. The timing of the eBOS sale underscores the company’s intent to consolidate its portfolio after the OmniMax deal.
Bill Bosway, Chairman and CEO, said the divestiture “aligns the Renewables business with industry leaders who continue to broaden their portfolios” and that the eBOS technology “fills a strategic need for GameChange given their dedication to adding leading‑edge solutions for their solar customers.” He added that the proceeds from both the eBOS and the pending racking and foundations sale will be directed toward debt reduction.
By exiting the volatile renewables market, Gibraltar is improving its margin profile and reducing exposure to headwinds that have weighed on the segment in recent quarters. The move also supports the company’s broader strategy of portfolio simplification, allowing management to concentrate resources on core building‑products businesses that offer more stable growth prospects. The sale is part of a broader two‑step exit, with the company also planning to sell its Renewables racking and foundations business in the near term.
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