Shoals Technologies Group and ARRAY to Merge in Stock-for-Stock Transaction
Shoals Technologies Group (SHLS) has announced a plan to merge with ARRAY in a stock-for-stock transaction. The merger aims to create an integrated energy infrastructure platform, combining the capabilities of both companies to enhance their market position. The combined entity has provided a long-term financial outlook, projecting annual revenues between $2.2 billion and $2.4 billion by 2027. Additionally, management expects to achieve approximately $100 million in annual incremental EBITDA synergies by the third year following the completion of the merger.
Topics: earnings call energy infrastructure merger
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Part of the story Array Technologies and Shoals Technologies Group Discuss Merger Details and Q3 Financial Results (5 articles)