BRIEF-Array Technologies To Acquire Affordable Wire Management (AWM), Creating New Growth Platform In Balance-Of-System Solutions

Array Technologies

Array Technologies

ARRY

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July 16 (Reuters) - Array Technologies Inc ARRY.O:

  • ARRAY TECHNOLOGIES TO ACQUIRE AFFORDABLE WIRE MANAGEMENT (AWM), CREATING NEW GROWTH PLATFORM IN BALANCE-OF-SYSTEM SOLUTIONS

  • ARRAY TECHNOLOGIES - DEAL VALUED AT $203 MILLION, REPRESENTING 8.8X TRAILING TWELVE-MONTH EBITDA

  • ARRAY TECHNOLOGIES - ADDITIONAL CONSIDERATION INCLUDES $10 MILLION INSTALLMENTS AND UP TO $40 MILLION PERFORMANCE-BASED EARNOUT

  • ARRAY TECHNOLOGIES - ACQUISITION EXPECTED TO BE HIGH SINGLE DIGIT ACCRETIVE TO ARRAY'S ADJUSTED EPS IN YEAR ONE

  • ARRAY TECHNOLOGIES - AWM SENIOR MANAGEMENT TEAM EXPECTED TO REMAIN AFTER CLOSING

Source text: ID:nGNXqB8MZ

Further company coverage: ARRY.O


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