AAON Announces Acquisition of BasX Solutions

AAON, Inc. announced it has entered into an agreement to acquire 100% of the equity interests of BasX Solutions for an upfront payment of $100 million, with additional earn-out payments of up to $80 million. The deal also includes a separate $22 million real estate purchase. The acquisition is expected to close by year-end 2021.

“AAON, Inc. ("AAON") announced Nov. 18 it has entered into a membership interest purchase agreement to acquire 100% of the equity interests of BasX, LLC, dba BasX Solutions (“BasX”).”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.