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Recent Updates — ARRY

July 16, 2026View Source ↗

Array Technologies, Inc. entered into a definitive agreement to acquire Affordable Wire Management, LLC (AWM) for a total consideration of up to $203 million. The transaction includes a $153 million base purchase price, $10 million in deferred consideration tied to founder employment, and up to $40 million in performance-based earn-outs linked to EBITDA targets for 2026, 2027, and 2028. The acquisition aims to expand Array's balance-of-system portfolio into wire management, battery energy storage systems (BESS), and datacenter infrastructure. The deal is expected to close in the third quarter of 2026, subject to regulatory approval and customary conditions. Array may elect to settle additional consideration in cash, common stock, or a combination. Array Technologies, Inc. provides solar tracking technology and fixed-tilt products for utility-scale solar projects.