GameChange Energy acquires Terrasmart's eBOS division

Acquisition Solar announced Grand Rapids, US Mar 6, 2026

USD70M

Deal Value

operating

Stage

GameChange Energy Technologies acquired the eBOS division of Terrasmart, a subsidiary of Gibraltar Industries, for $70 million in cash, including its manufacturing facility in Grand Rapids, Michigan.

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Counterparts (3)

Seller

Terrasmart

company

TerraSmart is a leading provider of ground-mount racking solutions for solar PV projects. They specialize in fixed tilt and tracker racking systems, focusing on engineering, design, and installation support.

Buyer

GameChange Energy Technologies

company

GameChange Energy Technologies is a leading manufacturer of fixed tilt and tracker systems for ground-mounted solar PV projects. They focus on providing cost-effective and reliable solutions for utility-scale solar installations.

parent_company

Gibraltar Industries

company

Buffalo-based Gibraltar Industries is a leading manufacturer and provider of products and services for the renewable energy, residential, agtech, and infrastructure markets, with approximately 3,000 employees. The company focuses on innovative solutions, primarily serving North America.

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Deal Analysis

GameChange Energy Technologies, already a significant manufacturer of fixed tilt and tracker systems for utility-scale solar, just paid $70 million cash to acquire Terrasmart's eBOS division. This looks like a clear vertical integration play, bringing the eBOS manufacturing facility in Grand Rapids, Michigan, directly under GameChange's roof. For Terrasmart, a leading ground-mount racking provider and a Gibraltar Industries subsidiary, shedding this division could allow them to sharpen their focus on core racking solutions, while GameChange gains more control over its supply chain for ground-mounted solar PV projects.

GameChange Energy paid $70 million in cash.
Acquisition includes the eBOS manufacturing facility in Grand Rapids, Michigan.
Terrasmart, a Gibraltar Industries subsidiary, divests its eBOS division.
GameChange Energy is a leading manufacturer of fixed tilt and tracker systems.

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."

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Deal Size

The deal — a $70 million cash transaction

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Location

GameChange Energy expands U.S. manufacturing footprint with acquisition of Terrasmart eBOS division [...] include Terrasmart’s manufacturing facility in Grand Rapids, Michigan

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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

GameChange Energy Technologies buyer

"GameChange Energy Technologies has announced its acquisition"

Terrasmart seller

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

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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Source

pv-magazine-usa.com

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GameChange Energy acquires Terrasmart's eBOS division

Counterparts (3)

Deal Analysis

Source Intelligence

Timeline

Source

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