ARRAY Technologies to Buy Affordable Wire Management in $203 Million Mixed Deal
The transaction would broaden ARRAY’s solar balance-of-system portfolio and open growth paths in battery storage and datacenters.
ARRAY Technologies, Inc. (ARRY) agreed to acquire Affordable Wire Management, LLC in a mixed transaction valued at $203 million, extending the solar-equipment provider’s expansion beyond tracking systems. The company expects the acquisition to close in the third quarter of 2026.
The transaction remains subject to any required regulatory approvals and other customary closing conditions. ARRAY did not disclose an exchange ratio, cash consideration, or other details of the mixed structure in the announced terms.
The acquisition will add to ARRAY's portfolio of balance-of-system products for utility-scale solar customers. The deal also would create growth opportunities in battery energy storage systems and datacenter markets, giving the company exposure to infrastructure serving rising power demand beyond its established solar-tracker business.
“The acquisition of AWM will further broaden our balance-of-system portfolio and deepen our relevance to our customers as well as create new growth vectors for us in the BESS and datacenter markets,” Chief Executive Kevin G. Hostetler said.
The agreement followed ARRAY’s $179 million purchase of APA Solar, a provider of engineered foundations and fixed-tilt mounting systems. Announced in June 2025 and completed that August, the APA transaction expanded ARRAY’s addressable market and enabled the company to offer an integrated tracker-and-foundation system for projects with challenging soil conditions. ARRAY expected that acquisition to increase adjusted earnings per share by a high-single-digit percentage in its first year before synergies.
Together, the APA and Affordable Wire Management transactions advanced ARRAY’s effort to assemble a wider set of components around its core tracking technology. APA added foundations and fixed-tilt systems, while the proposed AWM acquisition would further broaden the balance-of-system portfolio and carry that strategy into battery storage and datacenter applications.
Completion of the AWM transaction now depends on regulatory clearance and the remaining customary conditions. A third-quarter close would place the acquired business inside ARRAY as the company pursues a broader role supplying the equipment required to build utility-scale power projects.