M&A Deal Summary

IEA Acquires William Charles Construction Group

On December 2, 2018, IEA acquired construction company William Charles Construction Group for 90M USD

Acquisition Highlights
  • This is IEA’s 2nd transaction in the Construction sector.
  • This is IEA’s largest (disclosed) transaction.
  • This is IEA’s 3rd transaction in the United States.
  • This is IEA’s 2nd transaction in Illinois.

M&A Deal Summary
Date 2018-12-02
Target William Charles Construction Group
Sector Construction
Buyer(s) IEA
Deal Type Add-on Acquisition
Deal Value 90M USD
Advisor(s) FMI Capital Advisors, Inc. (Financial)
HolmstromKennedyPC (Legal)

Target

William Charles Construction Group

Rockford, Illinois, United States
website
William Charles Construction Group is a provider in civil construction with diverse capabilities in traditional civil construction, electrical power, and environmental remediation. William Charles Construction Group was founded in 1892 and is based in Rockford, Illinois.

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Buyer(S) 1

Buyer

IEA

Westchester, Illinois, United States

website

Category Company
Founded 2011
Sector Infrastructure
Revenue 2.1B USD (2021)
DESCRIPTION

IEA was formed to build an integrated portfolio of energy and infrastructure construction companies. Since its formation, the company has demonstrated its ability to grow organically and execute numerous successful strategic acquisitions. IEA was formed in 2011 and is based in Westchester, Illinois.

DEAL STATS #
Overall 3 of 3
Sector (Construction) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Illinois) 2 of 2
Country (United States) 3 of 3
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-12 RMT

Madison, Wisconsin, United States

RMT is a EPC contractor specializing in the design and construction of wind and solar electric energy generating facilities and high-voltage transmission lines. RMT's experienced construction crew is backed by in-house engineering and development support professionals. RMT's EPC renewable energy portfolio includes over 5,000 MW.

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