BDO Canada Advised On The Sale Of A Leading North American Greenhouse Solutions Provider Located In Kingsville, Ontario

February 05, 2020

BDO Canada Transaction Advisory Services is pleased to announce that Gibraltar Industries (Nasdaq: ROCK) has acquired the assets of Thermo Energy Systems Inc. (Thermo Energy) in an all-cash transaction that was completed in January of this year.

Thermo Energy is a leading designer and builder of large-scale commercial greenhouses, serving clients in the organic food production industry throughout North America. They have been a trusted partner in the development of state-of-the-art greenhouse structures and operations since 1998. Thermo Energy has grown significantly over the past decade and built a strong reputation through their depth of industry expertise and their commitment to exceptional quality. Congratulations to both Thermo Energy and Gibraltar Industries on the completed transaction.

BDO Canada Transaction Advisory Services acted as exclusive financial advisor to Thermo Energy, assisting the company’s owners through the entire divestiture process. “BDO provided the in-depth transaction experience and expertise we needed at every step of the way through the divestiture process. Their team takes a true partnership approach, and worked side by side with us until the deal was done.” - Henry Froese, President, Thermo Energy Systems Inc.

For any inquiries related to this transaction, please contact:

Cameron Percy, Director

Ryan Farkas, Managing Director

Alex Ardizzi, Vice President

Learn more about BDO’s Transaction Advisory Services.