Shoals Technologies Group, Inc. has announced a merger with Array Technologies, Inc., a significant move that will reshape the landscape of the semiconductor and energy infrastructure sectors. This merger is seen as a transformative milestone for both companies, aiming to create a more integrated energy infrastructure platform.

The announcement was made during an all-employee town hall led by Kevin Hostetler, CEO of Array Technologies, on November 4, 2026. Hostetler emphasized the importance of this merger, stating, "Together, we will create an integrated energy infrastructure platform spanning structural and electrical balance-of-system solutions." This strategic combination is expected to enhance both companies' capabilities and improve their offerings to customers.

Background

Shoals Technologies Group, Inc., incorporated in Delaware, operates in the semiconductor and related devices sector, specifically under the SIC code 3674. The company is publicly traded on the Nasdaq under the ticker SHLS. The recent filings indicate that Shoals is an accelerated filer with a fiscal year ending on December 31.

What the Filing Says

The filing reveals that Array Technologies has entered into a definitive agreement to merge with Shoals, marking a significant step forward for both organizations. Hostetler noted, "This is a transformative milestone for both organizations and an important step forward in ARRAY’s future." The merger is expected to broaden capabilities and deepen customer relationships.

Impact

This merger may impact a variety of stakeholders, including employees, customers, and investors from both companies. Hostetler reassured employees that the merger would create opportunities for them and enhance the ability to attract and develop talent as part of a larger organization.

What's Next

The merger is expected to close in the first quarter of 2027, subject to shareholder and regulatory approvals. Until then, both companies will continue to operate independently. Hostetler mentioned that Brandon Moss will lead the combined company following the closing, transitioning Hostetler to a Special Advisor role.

As part of the merger process, a new corporate name and ticker symbol will be announced in the coming months to reflect the expanded scope of products and services. The headquarters will remain in Albuquerque, New Mexico, while the corporate offices will be in Chandler, Arizona.