Array Technologies to Acquire Affordable Wire Management for Up to $203M, Expanding into BESS and Datacenter Markets
ARRY sits 16% above its 52-week low of $5.39.
Summary
Array Technologies is acquiring Affordable Wire Management for up to $203M, adding wire management and balance-of-system solutions for solar, BESS, and datacenter applications. The deal is expected to be immediately accretive and opens new growth markets.
Key Events · M&A and Partnerships · ARRY
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Acquisition of AWM
Array Technologies entered into a definitive agreement to acquire Affordable Wire Management (AWM) for total consideration of up to $203 million, consisting of a $153 million base purchase price and up to $50 million in earnout and deferred payments.
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Financial Impact
The transaction is expected to be high single digit accretive to Adjusted EPS in year one before synergies. AWM generated nearly $60 million in trailing twelve-month revenue and is consistently profitable.
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Strategic Rationale
AWM expands ARRAY's balance-of-system platform into wire management, adding new growth vectors in BESS and datacenter applications. The combined offering creates an integrated, interoperable solution for utility-scale solar customers.
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Earnout and Deferred Consideration
Up to $40 million in performance earnouts are tied to AWM's achievement of EBITDA targets for 2026–2028. An additional $10 million in deferred consideration is payable in two installments, conditioned on the continued employment of the founders.
Analysis · ARRY · Manufacturing
Array Technologies is acquiring Affordable Wire Management (AWM), a provider of wire management and balance-of-system solutions for utility-scale solar, battery energy storage (BESS), and datacenter applications. The total consideration of up to $203 million includes a $153 million base purchase price and up to $50 million in earnout and deferred payments. The deal is expected to be high single digit accretive to Adjusted EPS in year one before synergies and expands ARRAY's addressable market by $200–$250 million. AWM brings a capital-light, profitable business with nearly $60 million in trailing twelve-month revenue and a strong position in U.S. utility-scale solar. The acquisition adds new growth vectors in BESS and datacenters, supported by AI-driven load growth and U.S. onshoring trends. Closing is expected in Q3 2026, subject to regulatory approvals.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 35.8% of the 1045 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, ARRY was trading at $6.25 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $961.4M. The 52-week trading range was $5.39 to $12.23. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.