ARRAY Technologies to Buy Affordable Wire Management for $203 Million
The solar tracking maker said the wire-management purchase is expected to be high single-digit accretive to adjusted earnings in year one before synergies.
ARRAY Technologies (ARRY) agreed to acquire Affordable Wire Management, LLC, a provider of cable-management and balance-of-system products for utility-scale solar, energy storage, and datacenter projects, for about $203 million.
The deal is the next step in ARRAY’s balance-of-system expansion after its 2025 purchase of APA Solar, which has scaled in its first year under ARRAY ownership. The wire-management acquisition is expected to broaden ARRAY’s offering beyond trackers, fixed-tilt systems, and foundations, and to create new growth in battery energy storage and datacenter infrastructure.
Total consideration of $203 million represents about 8.8 times AWM’s trailing twelve-month EBITDA. It consists of a $153 million base purchase price and up to $50 million in deferred consideration and a performance earnout. The final upfront cash amount will be set at closing, subject to customary purchase-price adjustments. The purchase price is expected to be funded with cash on hand.
AWM had nearly $60 million in trailing twelve-month revenue. Founded in 2020, the company has built a capital-light, profitable wire-management franchise in utility-scale solar. Its products organize, secure, and protect electrical wiring, with proprietary designs aimed at durability, thermal management, and lower resistive losses.
The acquisition is expected to be high single-digit accretive to adjusted EPS in year one before synergies. A base purchase price of $153 million, including expected tax savings from a step-up in AWM’s asset tax basis, corresponds to about 6.0 times AWM’s trailing twelve-month EBITDA. The wire-management market opportunity is estimated at $200 million to $250 million across solar, BESS, and datacenters, with AWM’s core U.S. solar and BESS management alone representing an opportunity of about $150 million annually.
AWM’s products include a core cable-management system and lines for BESS and datacenters, including StrataPack, which is currently shipping to major BESS integrators. Existing products beyond the core system can more than double revenue per megawatt. After closing, AWM’s results will be included in ARRAY’s Legacy segment, and its senior management team is expected to remain.
“AWM brings a proven, innovative product line and a strong reputation for quality and customer service. Together, we will be able to offer a more complete, integrated solution to our customers across the solar, battery storage, and datacenter markets,” said Kevin G. Hostetler, Chief Executive Officer of ARRAY.
Scott Rand, Chief Executive Officer and co-founder of AWM, said ARRAY’s scale, customer relationships, and global reach would make the company an ideal home for the team and its products. Closing is expected in the third quarter of 2026, subject to regulatory clearance and customary closing conditions.