Gibraltar Industries (NASDAQ:ROCK) has sold its Renewables electrical balance-of-systems (eBOS) business to a subsidiary of GameChange Energy Technologies for $70 million in cash, the company announced Monday.
The divestiture is the first of a planned two-step retreat from the renewable energy sector as the Buffalo, New York-based manufacturer pivots to focus exclusively on residential, agricultural technology, and infrastructure markets.
Gibraltar confirmed it is currently in the process of selling its remaining renewables assets, specifically its racking and foundations business.
The move follows a broader portfolio rationalization that began in mid-2025.
Gibraltar intends to use the cash proceeds from both renewable divestitures to pay down debt, a priority following its recent $1.335 billion acquisition of OmniMax International, which significantly expanded its core residential building products footprint.
The eBOS unit, which provides critical electrical components for solar installations, had been classified as "held for sale" and reported as discontinued operations since June 2025.