Gibraltar Industries, Inc. (NYSE: ROCK) announced a cash‑only acquisition of OmniMax International, Inc. for $1.335 billion. The transaction will be funded through a new $1.3 billion term loan and a $500 million revolving credit facility arranged with Bank of America, Wells Fargo and KeyBanc Capital Markets. Gibraltar expects the deal to close in the first half of 2026.
The purchase expands Gibraltar’s residential roofing accessories portfolio, adding OmniMax’s well‑established brands—Amerimax, Berger, Flamco, Verde, Millennium Metals, Nu‑Ray Metals and Hancock Enterprises—to the company’s existing product mix. The combined entity will be positioned to capture a larger share of the U.S. residential roofing market, where demand for high‑quality accessories and rain‑ware is growing as homeowners upgrade aging roofs.
Gibraltar’s recent earnings show a mixed picture. Q4 2024 revenue fell 4 % to $302 million, driven by a decline in residential sales, while the Agtech segment posted modest growth. The company guided 2025 net sales of $1.40 billion to $1.45 billion and adjusted EPS of $4.20 to $4.30, reflecting confidence in continued demand and cost discipline. The acquisition is expected to lift residential revenue to over 80 % of total sales and to add $35 million in annual cost synergies and $100 million in tax benefits, improving the effective adjusted EBITDA multiple to 8.4×.
Investors reacted cautiously, citing concerns that the $1.335 billion cash outlay will increase Gibraltar’s leverage. Management has outlined a plan to reduce the post‑transaction leverage ratio from 3.7× to between 2.0× and 2.5× within 24 months, aiming to restore balance while pursuing growth.
Bill Bosway, Gibraltar’s chairman and CEO, said the deal “accelerates our strategy to expand in residential building products while enhancing customer experience.” John Krause, OmniMax’s CEO, added that the acquisition “strengthens our portfolio of trusted brands and positions us for continued growth in the U.S. market.”
OmniMax has built its presence through strategic acquisitions, including Hancock Enterprises in December 2024 and Millennium Metals in August 2023. The company’s 2025 adjusted net sales are projected at $565 million with an adjusted EBITDA of $110 million, underscoring its profitability and the value it brings to Gibraltar’s portfolio.
The transaction is positioned to be accretive to Gibraltar’s adjusted earnings in the first full fiscal year after closing, with the combined company expected to generate higher cash flow and margin expansion through cross‑selling and operational efficiencies. The deal also aligns with Gibraltar’s broader shift toward building products and away from its discontinued renewables operations.
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