AAON to Acquire BasX Real Estate

As a condition of the BasX acquisition, AAON entered into an agreement to purchase the principal real property used by BasX from an affiliate for $22 million, expected to close by Q1 2022.

“Additionally, as a condition to closing, the Company entered into a real estate purchase agreement with BasX Properties, LLC, an affiliate of BasX, to acquire the principal real property and improvements utilized by BasX for an additional $22 million, subject to customary closing conditions and adjustments. The Company expects this real estate transaction to close by the end of the first quarter of 2022.”

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