Gibraltar Industries, Inc. has entered into a definitive agreement to sell its Infrastructure business, The D.S. Brown Company, to Saint-Gobain Corporation. The transaction, valued at $208.0 million in cash, is expected to close in the fourth quarter of 2026, subject to customary closing conditions and regulatory approvals.
Under the terms of the Securities Purchase Agreement, D.S.B. Holding Corp., a wholly-owned subsidiary of Gibraltar, will sell all issued and capital stock of The D.S. Brown Company to GCP Applied Technologies Inc., an affiliate of Saint-Gobain. The purchase price is subject to customary post-closing adjustments related to working capital, indebtedness, cash, and transaction expenses.
Gibraltar stated that the sale is intended to be highly tax efficient and will use the gross proceeds to accelerate debt reduction and strengthen the company's balance sheet. The transaction is viewed as a step toward simplifying the company's portfolio and sharpening its strategic focus on building products and structures end-markets.
Moelis & Company LLC is serving as Gibraltar's exclusive financial advisor, and Polsinelli is serving as the company's legal counsel.
