APA Solar Has Been Acquired by Array Technologies
THE TRANSACTION
APA Solar, LLC (“APA”), a leading provider of engineered foundation solutions and fixed-tilt mounting systems for solar projects, was acquired by Array Technologies, Inc. (NASDAQ: ARRY) (“ARRAY”), a leading global provider of solar tracking technology products, software, and services for utility-scale solar energy projects.
Following the closing of the acquisition, ARRAY will begin offering an integrated tracker + foundation system, leveraging ARRAY’s advanced solar tracking technology and APA’s innovative foundation solutions. The integrated product offering will provide engineering, procurement, and construction firms (EPCs) and developers with a domestically manufactured, easy to install solution for the hard, mixed, and frost heave soil conditions that are increasingly prevalent in new solar projects. ARRAY will also continue to offer APA’s foundation solutions for other tracker systems as well as the company’s fixed-tilt racking products which are widely used in commercial and industrial solar projects in the Northeast and Midwest.
Our Client
APA Solar, LLC
APA was founded in 2008 by Josh and Joe Von Deylen. APA’s heritage traces back to Alex Products, a Tier 1 automotive supplier, which provided a strong base of engineering and manufacturing expertise that APA has successfully leveraged for the solar industry. Today, APA is a leading provider of solar racking and foundation solutions for commercial and utility-scale fixed-tilt and tracker interface projects. APA designs, engineers, and manufactures its products in-house from its headquarters and primary engineering and manufacturing complexes in Ridgeville Corners, Ohio. For more information, visit www.apasolar.com.
Transaction Partner
ARRAY Technologies, Inc.
ARRAY Technologies is a leading global provider of solar tracking technology to utility-scale and distributed generation customers who construct, develop, and operate solar photovoltaic sites. With solutions engineered to withstand the harshest weather conditions, ARRAY’s high-quality solar trackers, software platforms and field services combine to maximize energy production and deliver value to its customers for the entire lifecycle of a project. Founded and headquartered in the United States, ARRAY is rooted in manufacturing and driven by technology – relying on its domestic manufacturing, diversified global supply chain, and customer-centric approach to design, deliver, commission, train, and support solar energy deployment around the world. For more news and information on ARRAY, please visit www.arraytechinc.com.
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