M&A Deal Summary

AAON Acquires BasX Solutions

On November 18, 2021, AAON acquired electrical equipment company BasX Solutions for 100M USD

Acquisition Highlights
  • This is AAON’s 1st transaction in the Electrical Equipment sector.
  • This is AAON’s largest (disclosed) transaction.
  • This is AAON’s 2nd transaction in the United States.
  • This is AAON’s 1st transaction in Oregon.

M&A Deal Summary
Date 2021-11-18
Target BasX Solutions
Sector Electrical Equipment
Buyer(s) AAON
Deal Type Add-on Acquisition
Deal Value 100M USD
Advisor(s) Wells Fargo Securities (Financial)

Target

BasX Solutions

Redmond, Oregon, United States
BasX Solutions is a manufacturer of custom-engineered products including modular systems, HVAC solutions, premanufactured structural systems, and OEM products. BasX Solutions was founded in 2012 and is based in Redmond, Oregon.

Search 201,771 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

AAON

Tulsa, Oklahoma, United States
Category Company
Founded 1987
Sector Machinery
Employees3,856
Revenue 1.2B USD (2023)
DESCRIPTION
AAON's corporate headquarters in Tulsa, Oklahoma.
AAON's corporate headquarters in Tulsa, Oklahoma.

AAON is a manufacturer of air conditioning and heating equipment consisting of rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, self-contained units and coils. AAON was founded in 1987 and is headquartered in Tulsa, Oklahoma.

DEAL STATS #
Overall 3 of 3
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Oregon) 1 of 1
Country (United States) 2 of 2
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-28 WattMaster Controls

Parkville, Missouri, United States

WattMaster Controls, Inc. is a manufacturer of building automation controls and systems that develops HVAC, lighting and fire detection products. WattMaster Controls, Inc. was established in 1977 and is based in Parkville, Missouri.

Buy -
Mergr

Product

Company

Legal