1. Home >
  2. M&A >
  3. Add-on Acquisition >
  4. United States >
  5. Illinois >
  6. MasTec Acquires IEA

Add-on Acquisition • Infrastructure

MasTec Acquires IEA

On July 25, 2022, MasTec acquired infrastructure company IEA for 1.1B USD

Acquisition Context
  • This is MasTec’s 1st transaction in the Infrastructure sector.
  • This is MasTec’s largest (disclosed) transaction.
  • This is MasTec’s 24th transaction in the United States.
  • This is MasTec’s 2nd transaction in Illinois.

Explore All 75 Add-on Acquisition Infrastructure Deals - Search the Database Free


M&A Deal Summary
Date July 25, 2022
Target IEA
Sector Infrastructure
Buyer(s) MasTec
Deal Type Add-on Acquisition
Deal Value 1.1B USD
Advisor(s) Lazard (Financial)
Gibson, Dunn & Crutcher (Legal)

Target Company

IEA

Westchester, Illinois, United States
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.
Explore More Deals

Browse All 215,262 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 1

Buyer

MasTec

Coral Gables, Florida, United States
Category Company
Founded 1929
Sector Construction
Employees32,000
Revenue 12.3B USD (2024)
DESCRIPTION
MasTec's corporate headquarters in Coral Gables, Florida.
MasTec's corporate headquarters in Coral Gables, Florida.

MasTec is an infrastructure construction company operating mainly throughout North America. MasTec's primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility infrastructure, such as: wireless, wireline/fiber and satellite communications; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; power generation; and industrial infrastructure. MasTec was formed in 1929 and is based in Coral Gables, Florida.

Deal Context for Buyer #
Overall 30 of 30
Sector: Infrastructure 1 of 1
Type: Add-on Acquisition 24 of 24
State: Illinois 2 of 2
Country: United States 24 of 24
Year: 2022 1 of 1
Size (of disclosed) 1 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-20 Henkels & McCoy

Blue Bell, Pennsylvania, United States

Henkels & McCoy is a provider of project management, engineering, construction, installation, maintenance, and training services in the United States. Henkels & McCoy was founded in 1923 and is based in Blue Bell, Pennsylvania.

Buy $600M

Explore Related M&A Activity

Infrastructure M&A - Add-on Acquisition M&A Deals - Illinois M&A - United States M&A - 2022 M&A

Mergr

Solution for

Product

Company

Legal