skip to main content

Our Private Equity Group is considered the go-to practice for complex, bespoke and firm-defining transactions. With clients ranging from the world’s leading institutional asset managers to prominent middle-market private equity and growth equity firms, we offer comprehensive advice to general partners, limited partners, co-investors and other equity stakeholders, as well as portfolio companies, lenders and financial sponsor groups. The depth and continuity of our relationships across the industry gives us a nuanced understanding of each client’s objectives and allows us to provide seamless, efficient counsel across the investment lifecycle.

IEA to Be Acquired by MasTec in $1.1 Billion Deal

Paul, Weiss is representing entities affiliated with Ares Capital Management in the cash-and-stock sale of Infrastructure and Energy Alternatives, Inc. (IEA) to MasTec, a multinational infrastructure engineering and construction company. IEA is an Indiana-based infrastructure construction company with a focus on renewable energy solutions. Under the terms of the deal, IEA stockholders will receive $14.00 per share, comprised of $10.50 per share in cash and 0.0483 of a MasTec share, with a value of $3.50 per share, representing a total consideration of about $1.1 billion. The transaction is expected to close in the fourth quarter of 2022, subject to customary closing conditions and approvals.

The Paul, Weiss team includes, among others, corporate partners Kenneth Schneider and Michael Vogel, and counsel Lyudmila Bondarenko; tax partner Scott Sontag; litigation partners Jaren Janghorbani and Andre Bouchard; and antitrust counsel Marta Kelly.

© 2024 Paul, Weiss, Rifkind, Wharton & Garrison LLP

Privacy Policy