Solar Power World

  • Home
  • Top Solar Contractors
  • Solar+Storage
  • Articles
    • Most Recent Posts
    • News
      • Latest News Items
      • Solar tariffs
      • COVID-19 News
    • Featured
      • Latest Feature Stories
      • Contractors Corner
      • Installation Practices
      • Trends in Solar
      • Folsom Labs Solar Boot-Up
      • The Solar Explorer
  • Products
    • 2020 Top Products
    • Batteries and Storage
    • Inverters
      • Manufacturing Locations
    • Racking and Mounting
    • Software
    • Solar Panels
      • Manufacturing Locations
  • Leadership
    • 2020 Winners
    • 2019 Winners
    • 2018 Winners
  • Subscribe
  • Resources
    • About SPW
    • Digital Issues
    • Event Coverage
    • Podcasts
    • Product Databases
      • Solar Inverter Models
      • Solar Panel Models
      • Solar Racking Models
      • Battery Storage Models
    • Product Manufacturing Locations
      • Global Inverter Manufacturing Locations
      • Global Solar Panel Manufacturing Locations
    • Suppliers
    • Videos
    • Webinars
    • Whitepapers
  • COVID-19 NEWS

RBI Solar’s parent company acquires PV ground screw pioneer TerraSmart

By Billy Ludt | January 4, 2021

Share

Gibraltar Industries, a renewable energy, conservation, residential, industrial and infrastructure markets, and parent company of RBI Solar, expanded its solar energy portfolio further through the acquisitions of TerraSmart and Sunfig.

TerraSmart, a manufacturer of screw-based, ground-mount solar racking technology, used for solar projects installed on challenging terrain, was acquired for $220 million, subject to working capital adjustments. Sunfig, a software solutions provider that optimizes solar energy investments through upstream design, performance, and financial modeling, was acquired for $3.75 million in cash.

Turnkey solar racking company TerraSmart installer placing a ground screw.

Through the transaction, Gibraltar hopes to strengthen its position as a turnkey services provider in the domestic solar energy market by broadening its portfolio of ground-mount infrastructure, tracker and design software solutions, serving customers of any type and/or size on any terrain.

The company estimated that the acquisitions will push Gibraltar to a $700 million solar energy platform within its Renewable Energy and Conservation segment over the next five years.

“Adding TerraSmart and Sunfig to our existing solar business significantly increases our presence in the $14.3 billion domestic solar energy market, strengthens our renewable energy platform and advances our ambition to deliver higher growth and returns,” said Bill Bosway, president and CEO of Gibraltar. “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.”

TerraSmart provides screw-based, ground-mount solar racking technology with over ten years of experience in the design, engineering and manufacturing of turnkey field solutions marketed under the GLIDE (fixed-tilt) and TerraTrak (single-axis tracker) brand names. Its proprietary screw-based racking solutions work in a variety of terrains. TerraSmart is headquartered in Fort Myers, Florida, with field operations in Phoenix, Arizona and Selkirk, New York and manufacturing in Columbus, Ohio.

Sunfig provides software solutions designed to optimize solar energy investments and increase project return through upstream design, performance and financial modeling. Its portfolio of solutions includes:

  • Sunfig Instant Feasibility Tool (SIFT), a web-based software solution that optimizes solar project design for maximum financial return in real-time using data and analytics.
  • APIs that integrate directly into existing software, tools, and processes. APIs include an automated layout for ground mount and commercial rooftops, DC and AC coupled storage modeling, performance and financial modeling, and topography analysis.
  • Development services to help optimized increasingly complex contract and project requirements.

News item from Gibraltar Industries

About The Author

Billy Ludt

Billy Ludt is associate editor of Solar Power World.

Tell Us What You Think! Cancel reply

Related Articles Read More >

Solar installers scale dormant volcano to power astronomical research
FIMER rolls out new commercial solar inverters suitable for bifacial applications
CleanSpark upgrades customer reports in microgrid proposal software
SunCommon adopts Bodhi Solar Customer Experience Platform

Stay Informed With Great Solar Power Content

Videos Podcasts Webinars Whitepapers

SPW Digital Editions

Solar Power World Digital EditionBrowse the current issue and archived issues of Solar Power World in an easy-to-use, high-quality format. Bookmark, share and interact with the leading solar construction magazine today.

Solar Policy Snapshot

Solar policy differs across state lines and regions. Click to see our monthly roundup of recent legislation and research throughout the country.

Read More >

Popular Posts See More >

Solar investment tax credit extended at 26% for two additional years
The changing state of retiring solar panels
Think before trashing: The second-hand solar market is booming
The winners and losers in U.S. solar manufacturing in 2020
Tweets by @SolarPowerWorld
Solar Power World
  • Top Solar Contractors
  • Solar Articles
  • Top Products
  • Leadership
  • WTWH Media
  • About/Contact Us
  • Advertising
  • Subscribe
  • Windpower Engineering & Development

Copyright © 2021 WTWH Media, LLC. All Rights Reserved. Site Map | Privacy Policy | RSS

Search Solar Power World

  • Home
  • Top Solar Contractors
  • Solar+Storage
  • Articles
    • Most Recent Posts
    • News
      • Latest News Items
      • Solar tariffs
      • COVID-19 News
    • Featured
      • Latest Feature Stories
      • Contractors Corner
      • Installation Practices
      • Trends in Solar
      • Folsom Labs Solar Boot-Up
      • The Solar Explorer
  • Products
    • 2020 Top Products
    • Batteries and Storage
    • Inverters
      • Manufacturing Locations
    • Racking and Mounting
    • Software
    • Solar Panels
      • Manufacturing Locations
  • Leadership
    • 2020 Winners
    • 2019 Winners
    • 2018 Winners
  • Subscribe
  • Resources
    • About SPW
    • Digital Issues
    • Event Coverage
    • Podcasts
    • Product Databases
      • Solar Inverter Models
      • Solar Panel Models
      • Solar Racking Models
      • Battery Storage Models
    • Product Manufacturing Locations
      • Global Inverter Manufacturing Locations
      • Global Solar Panel Manufacturing Locations
    • Suppliers
    • Videos
    • Webinars
    • Whitepapers
  • COVID-19 NEWS