Array Technologies to buy Affordable Wire Management for $203 million
ARRY•Array Technologies acquires Affordable Wire Management
- Array Technologies agreed to buy Affordable Wire Management for about $203 million, expanding into wire management and other balance-of-system products.
- Consideration includes $153 million upfront, up to $50 million deferred and earnout tied to employment and EBITDA targets through 2028.
- The deal values AWM at about 8.8x trailing 12-month EBITDA; AWM had nearly $60 million in trailing 12-month revenue.
- Closing is targeted for the third quarter of 2026, subject to regulatory clearance and customary closing conditions.
- AWM results will be included in Array’s Legacy segment; the deal is expected to be high single-digit accretive to adjusted EPS in year one before synergies.
