Array Technologies entered into an Equity Purchase Agreement to acquire Affordable Wire Management, a provider of wire management products for utility-scale solar and battery storage. The deal includes a $153 million base price, up to $10 million in deferred payments over two years, and up to $40 million in performance-based earn-outs, subject to customary adjustments. Deferred and earn-out amounts may be paid in cash, stock based on a 10-day VWAP, or a mix. Closing is subject to customary conditions, including HSR clearance, with an outside date of December 13, 2026.
Agreement details:
- Agreement type: Equity Purchase Agreement (acquisition)
- Counterparty: Affordable Wire Management
- Signed / Effective: Jul 16 2026 / same
- Duration / Termination: At will
- Reason: Broaden solar wire management offerings and cross-sell in utility markets
Original SEC Filing:
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