Acquisition of BASX Solutions slide image

Acquisition of BASX Solutions

Acquisition Of BASX Solutions TRANSACTION TERMS FINANCIAL BENEFITS OF THE TRANSACTION AAON • Upfront payment of $100M Additional $80M payments are subject to earn-out milestones that extend out through 2023 Acquisition of real estate property utilized by BASX for $22M in separate transaction POTENTIAL SYNERGIES • • Excluding upfront acquisition-related expenses and non-cash purchase accounting amortization costs, the Company anticipates the acquisition will be accretive to earnings The full value of the earn-outs reflect EBITDA more than doubling by 2023 . Anticipate the combined entity will result in material cost savings over the three years following the acquisition close Revenue synergies related to scale, cross-selling opportunities and geographic footprint • Upfront payment of $100M fully financed with cash FINANCING TIMING Earn-outs will be paid with AAON stock • Closed on December 10, 2021 Real estate property closed in May 2022 1999
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