Blackstone to invest $500m in Array Technologies.

Blackstone agreed to invest $500m in Array Technologies, a manufacturer of ground-mounting systems used in solar energy projects. “This investment and its terms underscore the preeminent position that Array occupies in the solar industry and is a tremendous validation of the Company’s long-term growth potential. Marrying our technology and customer relationships with the financial strength and global reach of Blackstone makes us even stronger and positions Array to be a consolidator during this period of extraordinary supply chain disruption. I look forward to working together with our new partners at Blackstone to further grow the Company and accelerate value creation for our shareholders,” Brad Forth, Array Technologies Chairman.