Array Technologies announced a definitive agreement to acquire Affordable Wire Management for up to $203 million alongside the launch of a 60-degree DuraTrack tracker variant engineered for hail mitigation in moderate-risk solar markets.
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.
