MasTec has acquired IEA, a provider of renewable energy and infrastructure services.
IEA has completed 260 utility-scale wind and solar projects and executed infrastructure construction projects.
Jose Mas, CEO of MasTec, commented, “We are proud to expand our service capabilities, scale and expertise to support the nation’s energy transition to secure and sustainable renewable sources. We are excited to welcome the IEA management team and almost 6,000 IEA team members to the MasTec family. We have long admired IEA’s operating excellence and have a strong cultural alignment with IEA in safety and customer service.”
J.P. Morgan Securities LLC is serving as financial advisor to MasTec, and Fried Frank Harris Shriver & Jacobson LLP and Holland & Knight LLP are acting as legal counsel. Lazard is serving as financial advisor to IEA, and Gibson, Dunn & Crutcher LLP is serving as legal counsel.