Gibraltar Industries, Inc. announced on February 11, 2025, the acquisition of Lane Supply, Inc., a leader in the design, manufacture, and installation of structural canopies. The transaction was completed for $120 million in cash, subject to customary adjustments.
Lane Supply serves various markets including convenience stores, travel centers, food retail, EV charging stations, and quick-serve restaurants. In 2024, Lane Supply recorded approximately $112.2 million in revenue and $16.7 million in adjusted EBITDA.
This acquisition is expected to be immediately accretive to Gibraltar's earnings, significantly bolstering its Agtech segment's structures business. The addition of Lane Supply is anticipated to contribute to growth and margin expansion in 2025.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.