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New Deal


Announced

Blackstone to invest $500m in Array Technologies.

Financials

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Transaction Value£361m
Consideration TypeContingent Deferred Consideration, Ordinary Shares
Capital Owned-
Capital Bid For6%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Renewable Energy Equipment

Public

Minority

United States

Domestic

Single Bidder

Private Equity

solar energy assets

Friendly

Acquisition

Pending

Synopsis

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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.

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