Array Technologies (ARRY) to Acquire APA Solar
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ARRAY Technologies to Acquire APA Solar
June 18, 2025 6:30 AM UTCAdvancing ARRAYs balance of systems strategy with leading engineered foundation solutions and fixed-tilt mounting systems
Adds domestically manufactured engineered foundations and fixed-tilt solutions to product portfolio, expanding addressable market by nearly 40% Enables integrated tracker + foundation system to address challenging soil conditions, which does not require specialized equipment to install Expands U.S. manufacturing capabilities with new Ohio manufacturing facility Transaction enterprise value of approximately $179 million represents a multiple of 7.6x APAs trailing 12 months EBITDA... More