ACQUIRED · 2022
Who Acquired Infrastructure and Energy Alternatives, Inc. (IEA)?
MasTec, Inc. · $1.10B· 7.6× EBITDA
The acquisition
Infrastructure and Energy Alternatives, Inc. (IEA) (Indianapolis, IN) was acquired by MasTec, Inc. in 2022 for $1.10B. Premier renewable energy and infrastructure services provider. Capabilities span engineering, procurement, construction. Completed 260+ utility-scale wind and solar projects. Founded 2011.. The deal was priced at 7.6× EBITDA / 0.46× revenue.
Infrastructure and Energy Alternatives, Inc. (IEA) at time of acquisition
Revenue
$2400.0M
EBITDA
$145.0M
Deal value
$1.10B
EV / EBITDA
7.6×
Other acquisitions by MasTec, Inc.
Recent transactions by the same buyer — useful for understanding their playbook and what they typically pay.
- Henkels & McCoy Group, Inc. · 2021 · $600.0M · 8.6× EBITDA
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- Cupertino Electric, Inc. · acquired by Quanta Services in 2024 · $1.54B
- Blattner Holding Company · acquired by Quanta Services in 2021 · $2.70B
- Henkels & McCoy Group, Inc. · acquired by MasTec, Inc. in 2021 · $600.0M
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Sourced from MasTec press release. Primary source. Full deal page.
Citation: ExitValue.ai. (2022). Infrastructure and Energy Alternatives, Inc. (IEA) acquired by MasTec, Inc.. https://exitvalue.ai/acquired/infrastructure-and-energy-alternatives-inc-iea