AAON Completes Acquisition of BasX Solutions

AAON, Inc. completed the acquisition of all equity interests of BasX, LLC (BasX Solutions) for $100 million in cash and up to $80 million in contingent stock. The deal closed on December 10, 2021, and was funded with cash on hand and borrowings.

“On December 10, 2021, AAON, Inc. (the “Company”) completed the acquisition of all of the issued and outstanding equity ownership interests of BasX, LLC, an Oregon limited liability company doing business as BasX Solutions (“BasX”), for a purchase price of (i) $100 million payable in cash, and (ii) up to $80 million in the aggregate of contingent consideration payable in shares of the Company’s common stock”

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