M&A
confidence high
sentiment positive
materiality 0.85
Array Technologies to acquire AWM for up to $203M, expanding into balance-of-system solutions
Array Technologies, Inc.
- Total consideration up to $203M: $153M base + $10M deferred + $40M earnout based on EBITDA targets.
- Represents 8.8x AWM's trailing twelve-month EBITDA; expected high single digit accretive to Array's adjusted EPS in year one.
- AWM has ~$60M trailing twelve-month revenue; products for solar, BESS, and datacenter wire management.
- Closing expected Q3 2026, subject to HSR and customary conditions; AWM management to remain.
- Consideration may be paid in cash or Array common stock at Array's option.