Latham & Watkins Advises Shoals Technologies Group in Merger With ARRAY Technologies

ARRAY Technologies (Nasdaq: ARRY), a leading provider of structural balance-of-system solutions for utility-scale solar, and Shoals Technologies Group, Inc. (Nasdaq: SHLS), a leading provider of electrical balance-of-system solutions for utility-scale solar and battery energy storage, announced that they have entered into a definitive agreement to combine in a stock-for-stock merger. The transaction creates an integrated energy infrastructure platform that brings together complementary, market-leading solutions across foundations, trackers, fixed-tilt racking, electrical infrastructure, wire management, and power delivery systems.

Latham & Watkins LLP represents Shoals in the transaction with a corporate deal team led by Chicago partner Bradley Faris and Houston partner Kevin Richardson, with associates Henna Jalal, Meghan McDuff, Noreen Latif, and Noah Hellum with assistance from Daniel Levine and Gurtaran Johal. Advice was provided on capital markets matters by Chicago partner Scott Westhoff, with associate Andrew Rutsky and assistance from Nick Isaacs; on finance matters by Chicago partner Cindy Caillavet Sinclair, with associate Will Martin; on derivatives matters by New York partner Eric Rice, with associate Robertson Dorsett; on tax matters by New York partners Eli Katz and Eric Kamerman, with associate Jack Santoro; on antitrust matters by Washington, D.C. partner Jason Cruise, with associates Rebecca Frumento and Maynor Novarro; on executive compensation and employee benefits matters by Washington, D.C. partner David Della Rocca, with associates Bryce Groce and Julia Harriman; on labor and employment matters by Chicago partner Nineveh Alkhas, with associates Elizabeth Duncan and Alexis Pinzon; on real estate matters by San Diego partner Robert Frances and counsel Aaron Friberg, with associate Austin Urbach; on environmental matters by Los Angeles partner Joshua Marnitz, with associate Brandon Kerns; on intellectual property matters by New York partner Pelin Serpin, with associate Jamie Eimbinder and assistance from Daniel Nicastro; on data privacy and cybersecurity matters by Houston partner Robert Brown; and on litigation and compliance matters by Orange County partner Michele Johnson and Chicago partner Heather Waller, with associates Stephen Nasko, Ilgi Cesur, Cassie Martin Andry, C.J. Rydberg, and Monica Calce.