Array Technologies to acquire Affordable Wire Management for $203M
Type: Acquisition · Technology: Solar · Country: United States · Value: $203M · Announced: 2026-07-23
Array Technologies signed a definitive agreement to acquire Affordable Wire Management for a total consideration of $203 million, comprising $153 million in cash at closing and up to $50 million in performance earnouts through 2028. The target generated nearly $60 million in trailing revenue and was valued at approximately 8.8 times its trailing twelve‑month EBITDA. The transaction is slated to close in the third quarter of 2026, subject to regulatory approvals and standard closing conditions. By adding Affordable Wire Management’s custom wire management hangers, trunk line clamps, and module‑level cable protection, Array expands its balance‑of‑system portfolio and gains entry into battery energy storage and data center infrastructure markets. The deal will be accretive to Array’s adjusted earnings per share in its first full year, with the acquired business remaining under its existing senior management team.
Counterparties
- Affordable Wire Management (Seller)
- Array Technologies (Buyer)
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