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Announced

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AAON completed the acquisition of BasX Solutions for $200m.

Synopsis

AAON, a manufacturer of HVAC products, completed the acquisition of BasX Solutions, a manufacturer of data center cooling solutions, cleanroom systems, custom HVAC systems and modular solutions, for $200m. “This is a significant milestone in our Company’s history, and we are pleased to formally welcome the BasX Solutions family to AAON. Strategically, this acquisition provides AAON with an immediate presence in the high-growth data center and cleanroom markets, both of which the Company has historically had minimal exposure. The growth and profitability fundamentals of these new markets are very compelling, and we are eager to leverage the BasX platform with our financial strength and manufacturing capacity to drive accelerated share gains," Gary Fields, AAON President and CEO.

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