Specialty energy contractorMastec Inc.该公司宣布,该公司在一项价值11亿美元的交易中宣布,将通过收购可再生能源专家基础设施和能源替代公司,扩大其清洁能源和基础设施领域。

The acquisition of Indianapolis-based IEA will allow MasTec to add union-labor clean energy power generation services, and to expand its non-union craft labor capacity, said Jose Mas, CEO of the Coral Gables, Fla.-based firm. That combination “will provide increased scale and capacity needed to meet expected growing customer demand for renewable power generation over the next decade,” he said.

Mas also anticipates that IEA’s renewable power generation services will complement MasTec’s capacity in electrical transmission and distribution.

IEA预计今年的年收入在23亿至25亿美元之间,其中包括风能和太阳能工作的17亿美元,以及8亿美元的民事工作,这主要与运输和环境补救有关。该公司排名第42位ENR’s 2022 Top 400 Contractorslist, reporting $2.1 billion in 2021 revenue.

The firm has noted completion of more than 260 utility-scale wind and solar projects across North America.

IEA首席执行官JP Roehm指出了这两家公司在为可再生能源,电力交付和基础设施市场服务的“联合资源和能力”方面。他将继续担任这个角色。

Mastec表示,预计今年年底将完成这笔交易。它将每股IEA,75%的现金和25%的股票支付14美元。

MasTec ranks No. 3 on新利luckEnr的2021年前600个专业承包商在2020年收入中列出63亿美元。该公司表示,预计将在2022年获得92亿美元的收入。该公司最大的部门是通信,但预计其电力输送部门今年将超过其石油和天然气单位。

MASTEC预计,IEA购买将使其清洁能源和基础设施单元在2023年成为最大的细分市场。

As ENR previously reported, MasTec has been moving to多样化其产品。Last year, MasTec acquired Henkels & McCoy Group for about $600 million in cash and stock.

MAS还宣布,MASTEC正在更新其2022年收益指导期望,以反映其利润率的收购和压力。他说,该公司预计下半年的燃料,人工,材料和项目效率低下的成本更高,几乎没有能力减18luck.cub轻或将成本转移给客户。

“We believe that these impacts will be largely mitigated in 2023 as new projects and contractual cost escalators take effect,” he said.

"We believe the price for IEA was reasonable, although timing for another deal was a bit earlier than expected but it accelerates MasTec's portfolio optimization story," said Jamie Cook, lead industry stock analyst for Credit Suisse. "We like the portfolio acceleration; however, guidance cuts for MasTec has created a credibility issue. We believe [it] needs a couple of quarters of execution to re-rate."