AAON to acquire BasX Solutions for up to $202M

AAON entered into a membership interest purchase agreement to buy 100% of BasX Solutions, a commercial HVAC/data-center cooling maker, for $100M upfront plus up to $80M in earn-outs through 2023, with an additional $22M for related real estate. Funded via cash, revolver borrowings and equity.

“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”).”

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