This record is sourced from ARRAY's own 8-K press release (Exhibit 99.1), furnished to the SEC on August 31, 2026, announcing the transaction as already closed. The release states that additional information regarding the transaction would be included in a Current Report on Form 8-K to be filed by ARRAY, which this document already represents, though it does not attach the underlying purchase agreement, so specific deal terms beyond strategic rationale are not available here.
Jefferies LLC acted as exclusive financial advisor to ARRAY on the acquirer side. First Liberties Financial acted as exclusive financial advisor to AWM on the target side. Edelman Smithfield additionally served as strategic communications advisor to ARRAY, a non-financial advisory role.
Jones Day acted as legal advisor to ARRAY. Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. acted as legal advisor to AWM.
The press release does not disclose a purchase price or any value metric for the transaction, stating only that the acquisition is expected to be at least high single digit accretive to ARRAY's Adjusted EPS in the first year before synergies. No consideration structure (cash, stock, or earnout) is specified. AWM's co-founder and Chief Executive Officer Scott Rand and co-founder and Chief Technology Officer Dan Smith both framed the deal as a growth platform for AWM's existing product lines rather than describing any changes to deal economics.
Not disclosed in this filing: the purchase price or enterprise value, the consideration mix, AWM's revenue or EBITDA, the original signing date of the purchase agreement, and any financing arrangements used to fund the acquisition.