Array Technologies Announces Completion of AWM Acquisition (~$165M)

What Happened

• On August 31, 2026, Array Technologies, Inc. (ARRY) filed a Form 8-K and issued a press release announcing the closing of its previously announced acquisition of Affordable Wire Management, LLC (AWM). The acquisition closed under an equity purchase agreement (as amended) dated July 16, 2026, and the buyer was STINorland USA, Inc., a wholly owned subsidiary of Array.

Key Details

• Closing date: August 31, 2026 (press release attached as Exhibit 99.1 to the 8-K).
• Purchase agreement: Equity Purchase Agreement dated July 16, 2026 (as amended).
• Consideration: Approximately $165 million in cash paid by the buyer, net of customary adjustments for cash, indebtedness, net working capital, transaction expenses and escrow, and subject to final post-closing settlement.
• Parties: Seller entities include DS Equity Holdings LLC and individual sellers Scott R. Rand and Daniel R. Smith.

Why It Matters

• The deal represents a cash acquisition funded by Array and may affect the company’s cash position and near-term financials (purchase price is subject to final post-closing settlement and customary adjustments). The filing formally notifies investors that the transaction has closed and provides a press release with the company’s announcement. Investors should watch subsequent disclosures (earnings, pro forma financials or post-closing statements) for details on how AWM will be integrated and how the acquisition impacts Array’s revenue, margins and cash flow.