# 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.

- Type: Acquisition
- Announced: 2022-07-25
- Where: United States
- Value: $1.10B
- Status: announced
- Products: renewable power generation services, wind and solar projects
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [MasTec](https://endata.com/companies/2227.md) (acquirer)
- [Infrastructure and Energy Alternatives, Inc.](https://endata.com/companies/43690.md) (target)

## Sources

- [enr.com](https://www.enr.com/articles/54487-mastec-makes-11b-bid-to-buy-renewables-builder), 2022-07-25: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.