Shoals Technologies agrees to merge with ARRAY Technologies

By Public Technologies
  • Shoals Technologies Group will merge with ARRAY Technologies, creating an integrated energy infrastructure platform expected to close in first-quarter 2027.
  • ARRAY will remain the surviving legal entity; Shoals shareholders will own approximately 65% of the combined company's basic shares outstanding.
  • The combination targets more than $100 million in annual incremental EBITDA from cost and commercial synergies by year three.
  • ARRAY will redeem $161.3 million of Series A Redeemable Preferred Stock within 90 days of closing, followed by $156.3 million over three years.
  • Brandon Moss will lead the combined company as CEO, with Kevin Hostetler transitioning to a special adviser role.


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