Array Technologies, Inc. completed its acquisition of Affordable Wire Management, LLC on August 31, 2026, paying approximately $165 million in cash consideration net of customary adjustments. The strategic transaction expands the company's balance-of-system product portfolio with high-margin cable management solutions for utility-scale solar and energy storage projects. This move is expected to create new growth opportunities across solar, battery energy storage, and datacenter infrastructure markets. The acquisition is anticipated to be at least high single-digit accretive to Adjusted EPS in the first year before synergies. Array Technologies operates as a leading global provider of solar tracking technology and fixed-tilt systems for utility-scale and distributed generation customers.

Array Technologies reported second-quarter 2026 financial results on August 5, 2026. Revenue increased 38% year-over-year to $342.1 million, while net income rose to $8.4 million and adjusted EBITDA grew 119% sequentially to $63.3 million. The company announced a record orderbook of $2.5 billion, up 37% from the prior year period. Management updated its full-year 2026 guidance, raising the adjusted EBITDA range to $210–$230 million and adjusted net income per share to $0.68–$0.75. Additionally, Array Technologies signed a definitive agreement to acquire Affordable Wire Management for up to $203 million in total consideration, including base price, deferred installments, and performance-based earnouts. The company operates in the solar energy industry, manufacturing tracking systems and balance-of-system components.

Array Technologies, Inc. entered into a definitive agreement to acquire Affordable Wire Management, LLC (AWM) for a total consideration of up to $203 million. The transaction includes a $153 million base purchase price, $10 million in deferred consideration tied to founder employment, and up to $40 million in performance-based earn-outs linked to EBITDA targets for 2026, 2027, and 2028. The acquisition aims to expand Array's balance-of-system portfolio into wire management, battery energy storage systems (BESS), and datacenter infrastructure. The deal is expected to close in the third quarter of 2026, subject to regulatory approval and customary conditions. Array may elect to settle additional consideration in cash, common stock, or a combination. Array Technologies, Inc. provides solar tracking technology and fixed-tilt products for utility-scale solar projects.