Deals Counterparts

GameChange Energy acquires Terrasmart's eBOS division

Acquisition Solar announced Grand Rapids, United States Mar 6, 2026
USD70M
Deal Value
operating
Stage

GameChange Energy Technologies paid $70 million in cash for Terrasmart's eBOS division, including its Grand Rapids manufacturing facility. This strategic acquisition from Gibraltar Industries' Terrasmart.

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Deal Analysis

GameChange Energy Technologies' $70 million cash acquisition of Terrasmart's eBOS division strategically integrates a critical component into its existing fixed tilt and tracker systems business. This move provides GameChange Energy Technologies with direct control over eBOS manufacturing, expanding its capabilities beyond core racking solutions. The deal specifically includes Terrasmart's Grand Rapids manufacturing facility in Michigan, US, immediately enhancing GameChange Energy Technologies' operational footprint. By internalizing eBOS production, GameChange Energy Technologies aims to secure supply and drive cost efficiencies for its utility-scale solar solutions. Terrasmart, a specialist in ground-mount racking, divests this operating division to sharpen its focus on engineering, design, and installation services for fixed tilt and tracker racking systems. Gibraltar Industries, Terrasmart's Buffalo-based parent company with approximately 3,000 employees, streamlines its renewable energy portfolio by divesting the eBOS division. This allows Terrasmart to concentrate on its leading ground-mount racking solutions for solar PV projects. GameChange Energy Technologies, already a leading manufacturer of fixed tilt and tracker systems for ground-mounted solar PV projects, gains immediate eBOS production capacity. The 2026-03-06 announced acquisition enables GameChange Energy Technologies to deliver more integrated solutions for utility-scale projects. This transaction suggests a broader industry dynamic where solar component manufacturers are increasingly integrating supply chains to optimize for reliability and cost in the utility-scale sector.
  • GameChange Energy Technologies paid $70 million in cash for the eBOS division.
  • The acquisition includes Terrasmart's Grand Rapids manufacturing facility in Michigan, US.
  • Terrasmart is a division of Buffalo-based Gibraltar Industries, which employs approximately 3,000 people.
  • GameChange Energy Technologies, a leading manufacturer of fixed tilt and tracker systems, is expanding into eBOS production.
  • The deal was announced on 2026-03-06.

Source Intelligence

KEY DETAILS

The acquisition includes Terrasmart's manufacturing facility in Grand Rapids, Michigan, and the existing Terrasmart eBOS team will join GameChange. Gibraltar Industries will use the proceeds from the sale to reduce its debt. The Terrasmart eBOS product line, previously SolarBOS, was founded in 2004 and includes wire harnesses, DC combiner boxes, load break disconnects, recombiners, and AC combiners. GameChange Energy was formed in 2024 with the addition of GameChange BOS. Quotes: - "include Terrasmart’s manufacturing facility in Grand Rapids, Michigan and see the existing Terrasmart eBOS team join GameChange" - "Gibraltar said it will use the proceeds of the sale to reduce its debt" - "The TerraSmart product line which was SolarBOS prior, was founded in 2004 and is one of the most established names in the industry. SolarBOS has a reputation of quality and one of the broadest product offerings in the market. Every product is fully UL listed and covers wire harnesses, DC combiner boxes, load break disconnects, recombiners and AC combiners." - "We formed GameChange Energy in 2024 with the addition of GameChange BOS."

Deal Size
The deal — a $70 million cash transaction
Location
GameChange Energy expands U.S. manufacturing footprint with acquisition of Terrasmart eBOS division [...] include Terrasmart’s manufacturing facility in Grand Rapids, Michigan
Announcement
March 6, 2026 Ben Zientara Acquisitions Balance of Systems Business Installations Interview Manufacturing Markets & Policy Utility Scale PV United States World Image: GameChange Solar Share --> GameChange Energy Technologies has announced its acquisition
PARTIES MENTIONED IN SOURCE
G
GameChange Energy Technologies buyer

"GameChange Energy Technologies has announced its acquisition"

T
Terrasmart seller

"the eBOS (electrical balance of systems) division of Terrasmart"

G
Gibraltar Industries seller

"a subsidiary of Gibraltar Industries."

high quality Enriched Mar 9, 2026

Timeline

Announced
Mar 6, 2026
Signed
Closed

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