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Shoals Technologies Group, Inc. Announces Merger with Array

PUBLIC · SHLSNov 04, 2026

Acquiring Company

Shoals Technologies Group

Acquired Company

Array

PortlandUnited StatesEnergyRenewable EnergySolarSemiconductors

Description

On November 4, 2026, Shoals Technologies Group, Inc. and Array announced they have entered into a Merger Agreement. The boards of both companies have approved the merger, which aims to create synergies and enhance their capabilities in the renewable energy market. This merger is seen as a strategic move to drive further innovation and growth in the solar energy sector. The merger will create parity between employees of both companies regarding stock and severance plans.

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Company Information

Company

Shoals Technologies Group

Location

1500 Shoals Way

Portland, Tennessee, United States

About

Shoals Technologies Group, Inc. operates in the renewable energy sector, focusing primarily on providing innovative solutions for solar energy projects. The company specializes in manufacturing electrical balance of system (EBOS) solutions for solar photovoltaic systems, which include a range of interconnectors and components designed to optimize performance and installation efficiency. Shoals serves a growing market in the United States, catering to solar developers and contractors. Notable company indicators include its presence on the Nasdaq Global Market under the ticker symbol SHLS, highlighting its public trading status. Recent developments signify a strategic focus on expanding its product offerings and enhancing operational capabilities to meet the increasing demand for renewable energy solutions.

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Frequently asked

Who acquired Array?

Array was acquired by Shoals Technologies Group, based in Portland. The deal was reported on November 4, 2026. Shoals Technologies Group, Inc. operates in the renewable energy sector, focusing primarily on providing innovative solutions for solar energy projects. Shoals Technologies Group is publicly traded (SHLS) and operates in Energy.

When did Shoals Technologies Group acquire Array?

Shoals Technologies Group's acquisition of Array was reported on November 4, 2026. On November 4, 2026, Shoals Technologies Group, Inc. and Array announced they have entered into a Merger Agreement. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Array do?

Array is a financial innovation platform that helps digital brands, financial institutions, and fintechs get compelling consumer products to market faster. It is privately held, and is based in United States.

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