AAON completes acquisition of BasX Solutions for up to ~$202M

AAON Inc. closed its acquisition of 100% of BasX, LLC (BasX Solutions), a custom hyperscale data center cooling manufacturer, on Dec. 10, 2021. Terms: $100M upfront plus up to $80M in earn-out equity through 2023, plus $22M for related real estate. BasX expected ~$70M 2021 revenue.

“TULSA, Okla. — AAON Inc., a manufacturer of HVAC products for nonresidential buildings, completed the acquisition of BasX, LLC, dba BasX Solutions (“BasX” or “BasX Solutions”) on Dec. 10, 2021. The company previously announced on Nov. 18, 2021, that it had entered into a membership interest purchase agreement to acquire 100% of the equity interests of BasX, LLC.”

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.