AAON has filed a notice of an exempt offering of securities to raise $29,250,000.00 in New Equity Investment.
According to filings with the U.S. Securities and Exchange Commission, AAON is raising $29,250,000.00 in new funding. Sources indicate that as part of senior management Chief Financial Officer, Rebecca Thompson played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.
About AAON
AAON (NASDAQ:AAON) is engaged in the engineering, manufacturing, marketing and sale of semi-custom heating, ventilation and air conditioning equipment (HVAC) for commercial use. AAON is a world leader in creating comfortable and healthy indoor environments, efficiently, through the manufacture of premium HVAC equipment. AAON, Inc. was founded in 1988 with the acquisition of the heating and air conditioning division of the John Zink Company. AAON Coil Products, Inc. was founded in 1991 with the acquisition of Coils Plus, Inc. of Longview, Texas. AAON further expanded operations with the acquisition of WattMaster Controls, Inc. in Parkville, Missouri, expanding AAON Controls knowledge and development. Expansion and growth continue today with the addition of new production lines and new machinery. The Tulsa offices and manufacturing facilities are more than 1.51 million sq. ft.; the Longview offices and manufacturing facilities are more than 263,000 sq. ft.; the Parkville facility is 48,500 sq. ft. In the three plants combined, AAON employs more than 2,000 individuals. On December 10, 2021, AAON announced the completed acquisition of BasX Solutions, headquartered in Redmond, Oregon. BasX specializes in the design, engineering and manufacturing of custom, high performance cooling solutions for the rapidly growing hyperscale data center market. BasX also designs and manufactures custom solutions for cleanroom environments for the bio-pharmaceutical, semiconductor, medical and agriculture markets, as well as custom, energy efficient air handlers and modular solutions for a vast array of markets.
To learn more about AAON, visit http://www.aaon.com/
Contact:
Rebecca Thompson, Chief Financial Officer
918-583-2266
https://www.linkedin.com/in/rebecca-thompson-262406b/
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