Array Technologies, Inc. 8K

Array Technologies, Inc. agreed to acquire Affordable Wire Management, LLC for approximately $203 million to expand its balance-of-system and wire management offerings, with closing expected in Q3 2026 and the deal projected to be accretive to adjusted EPS.

On July 16, 2026, Array Technologies, Inc. announced that it entered into a definitive agreement to acquire Affordable Wire Management, LLC (AWM), a provider of wire management, cable protection, and balance-of-system solutions for solar and energy storage projects, for total consideration of approximately $203 million, consisting of a $153 million base purchase price plus up to $50 million of additional consideration in time-based and performance-based earnouts payable in cash or stock at Array’s option. The deal values AWM at roughly 8.8x trailing twelve-month EBITDA and is expected to be high single-digit accretive to Array’s adjusted EPS in the first year before synergies, while expanding Array’s product portfolio into higher-margin cable management offerings and adjacencies such as battery energy storage systems and data center infrastructure. AWM generated nearly $60 million in trailing twelve-month revenue and operates with a capital-light, profitable model; its senior management team is expected to remain with the business, which will be reported within Array’s Legacy segment after closing. The transaction, for which Jefferies LLC advised Array and First Liberties Financial advised AWM, is expected to close in the third quarter of 2026, subject to regulatory approvals and customary closing conditions.

Filing Facts

CIK

1820721

Ticker

-

Form

8K

Source Type

sec

Accession

0001193125-26-306194

Alert Tier

8