Array Technologies, Inc. (ARRY): M&A transaction — Array Technologies completes acquisition of APA Solar for ~$159.9M cash plus deferred consideration

Array Technologies, Inc.

Cash consideration ~$159.9M net of adjustments; additional deferred consideration equal to 20% of purchase price payable over 2 years.
Earnout consideration up to $40M in shares based on APA's performance over three years ending Sep 2028, capped at $90M cumulative.
Acquisition expected to be accretive to earnings; company expects to update full-year guidance on Q3 earnings call.
APA will operate as a strategic business unit within Array, continuing under its brand.
Deal enhances Array's product portfolio with tracker-compatible foundation systems and fixed-tilt racking.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Array Technologies, Inc. completed an acquisition involving APA Solar, LLC for approximately $159.9 million, net of preliminary and customary purchase price adjustments (closed 2025-08-14).

Action: acquisition
Counterparty: APA Solar, LLC
Consideration: approximately $159.9 million, net of preliminary and customary purchase price adjustments
Closing: 2025-08-14

Exact text from the filing

and the guarantors party thereto. At the closing of the APA Acquisition, pursuant to the Purchase Agreement, the Company paid cash consideration to the Seller of approximately $159.9 million, net of preliminary and customary purchase price adjustments and subject to final post-closing settlement (after giving effect to such settlement, the “Purchase Price”). The

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Source: SEC EDGAR

accession 0001193125-25-180827

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