Mastec To Acquire Infrastructure And Energy Alternatives, Inc. ("Iea"), A Premier Renewable Energy And Infrastructure Services Provider
Mastec To Acquire Infrastructure And Energy Alternatives, Inc. ("Iea"), A Premier Renewable Energy And Infrastructure Services Provider
07/25/22, 10:59 AM
Location
coral gablesIndustry
software
MasTec (NYSE: MTZ) ("MasTec") and IEA (Nasdaq: IEA) today announced that they have entered into a definitive agreement under which MasTec will acquire all of the outstanding shares of IEA in a cash-and-stock transaction valued at $14.00 per IEA share. The transaction has been unanimously approved by the Boards of Directors of both MasTec and IEA, and is subject to customary closing conditions, including IEA stockholders and Hart-Scott-Rodino approvals, with an expected closing late fourth quarter of 2022.
Company Info
Location
800 s. douglas road
Coral Gables, Florida, United States
Company info
Leading specialty contractor engineers, designs and constructs infrastructures for electric power generation and transmission, oil and natural gas pipelines, renewable energy facilities and wireless networks.