MasTec to acquire renewables builder IEA for $1.1B

MasTec Inc. announced it will acquire Infrastructure and Energy Alternatives Inc. (IEA) in a deal valued at $1.1 billion, expanding its clean energy and infrastructure segment. The acquisition is expected to close late 2022.

“The acquisition of Indianapolis-based IEA will allow MasTec to add union-labor clean energy power generation services, and to expand its non-union craft labor capacity.”enr.com

• 1 source
• enr.comMasTec Makes $1.1B Bid to Buy Renewables Builder | Engineering News-RecordJames LeggateJul 25, 2022

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