M&A · Tech · Semiconductors & Related Devices
Array Technologies, Inc. to acquire Shoals Technologies Group, Inc.
Announced Nov 4, 2026 · Announced
Deal value—
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationAll stock
Transaction
- Acquirer
- Array Technologies, Inc. (ARRY)
- Target
- Shoals Technologies Group, Inc. (SHLS)
- Buyer type
- Strategic
- Offer price per share
- —
- Enterprise value
- —
- Status
- Announced
Deal protections
- Break fee (target pays)
- $40.3M
- Reverse fee (buyer pays)
- $22.2M
- Go-shop
- No-shop
- Financing
- —
Advisors
- To the acquirer
- JPMorgan, Lazard
- To the target
- Jefferies
Sector context · Tech
- Comparable deals
- 70 in the prior 24 months
- Premium
- Sector median 42.0%
- EV / Adj. EBITDA
- Sector median 15.5x
- Break fee
- Sector median 3.0%
Timeline
- AnnouncedNov 4, 2026
- ClosedPending