Mastec to acquire infrastructure and energy alternatives, inc. ("iea"), a premier renewable energy and infrastructure services provider

Significantly expands mastec's clean energy & infrastructure segment incremental service capabilities and customer base adding union based clean energy power generation services expanding mastec's clean energy maintenance service offerings  bolsters non-union craft labor and equipment resource capacity  strong cultural alignment and experienced leadership team transaction expected to close late q4 2022 and be accretive to mastec's 2023 adjusted eps before synergy benefits, with potential revenue and operational synergies in 2024 and beyond mastec updates financial guidance for the second half of 2022 mastec to host conference call at 8:30 am et monday, july 25, 2022, to discuss the iea acquisition coral gables, fla. and indianapolis , july 25, 2022 /prnewswire/ -- 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.
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