Array Technologies announces $203 million AWM acquisition and new 60 degree solar tracker

Solar tracking provider Array Technologies has entered into a definitive agreement to acquire Affordable Wire Management, a supplier of cable protection and balance of system equipment, for a total potential consideration of $203 million.

The transaction includes a base purchase price of $153 million in cash at closing, supplemented by up to $50 million in performance earnouts and employment-contingent consideration through 2028. The total deal value represents an enterprise multiple of approximately 8.8 times Affordable Wire Management’s trailing 12-month EBITDA, with the target company generating nearly $60 million in trailing revenue through May 31, 2026.

The acquisition adds custom wire management hangers, trunk line clamps, and module-level cable protection to Array’s central-axis tracker and foundation platform. The transaction also establishes a footprint in battery energy storage systems and data center infrastructure markets, where Affordable Wire Management recently secured initial product backlog orders.

Subject to regulatory approvals and standard closing conditions, the transaction is expected to close in the third quarter of 2026 and achieve high single-digit accretion to adjusted earnings per share in its first full year. The acquired business will operate within Array’s existing corporate structure while retaining its senior management team.

New tracker variant

In a separate operational update delivered at its annual Insurance Forum in Boston, Array introduced a 60-degree variant of its flagship DuraTrack tracker platform. Developed for projects in moderate hail hazard regions, including Texas and the Great Plains, the system pairs a 60-degree stow angle with automated hail alert software to mitigate hail impact risks while reducing foundation and steel capital expenditures compared to higher-angle stow designs.

The new tracker variant retains Array’s wired AC grid motor architecture and wired communication cables rather than relying on wireless connections or localized batteries. The platform incorporates mechanical passive wind stow technology, which limits row stowing during turbulent wind events to yield up to a 4% energy production benefit over full-field stow configurations.

Commercial quotations for the 60-degree DuraTrack variant will begin in 2026, with initial project deliveries scheduled for mid-2027.