07:09 AM EDT, 06/18/2025 (MT Newswires) -- Array Technologies ( ARRY ) said Wednesday it agreed to acquire APA Solar in a deal that values APA at roughly $179 million.

APA provides engineered foundation offerings and fixed-tilt mounting systems for solar projects.

Array said it expects the acquisition to be accretive to its adjusted per-share earnings in year one before synergies.

The sellers of APA are eligible for a performance-based earn-out with an initial value of $40 million of Array common shares, based upon APA achieving certain EBITDA targets in the three-year period following the deal's closing.

The company expects the deal to be completed in Q3.

Array Technologies ( ARRY ) shares were up 2.3% in recent premarket activity.