MasTec Enters Definitive Agreement for IEA Acquisition
Ticker: MTZ · Form: 8-K · Filed: 2024-06-06T00:00:00.000Z
Sentiment: neutral
Topics: acquisition, definitive-agreement, material-agreement
Related Tickers: MTZ
TL;DR
MasTec just locked down the IEA deal, big move for infrastructure!
AI Summary
On June 5, 2024, MasTec, Inc. entered into a Material Definitive Agreement related to its acquisition of Infrastructure and Energy Alternatives, LLC (IEA). The agreement outlines the terms and conditions for this significant transaction, which is expected to impact MasTec's operations and market position.
Why It Matters
This acquisition is a significant strategic move for MasTec, potentially expanding its capabilities and market reach in the infrastructure and energy sectors.
Risk Assessment
Risk Level: medium — Acquisitions inherently carry integration risks, potential for overpayment, and regulatory hurdles that could impact the deal's success and MasTec's financial performance.
Key Players & Entities
- MasTec, Inc. (company) — Registrant
- Infrastructure and Energy Alternatives, LLC (IEA) (company) — Acquisition Target
- June 5, 2024 (date) — Date of Material Definitive Agreement
FAQ
What is the primary purpose of this 8-K filing?
This 8-K filing announces MasTec, Inc.'s entry into a Material Definitive Agreement concerning the acquisition of Infrastructure and Energy Alternatives, LLC (IEA).
When was the Material Definitive Agreement entered into?
The Material Definitive Agreement was entered into on June 5, 2024.
What is the name of the company being acquired by MasTec?
MasTec, Inc. is acquiring Infrastructure and Energy Alternatives, LLC (IEA).
What is MasTec, Inc.'s principal executive office address?
MasTec, Inc.'s principal executive offices are located at 800 S. Douglas Road, 12th Floor, Coral Gables, Florida 33134.
What is MasTec's telephone number?
MasTec's telephone number, including area code, is (305) 599-1800.
Filing Stats: 847 words · 3 min read · ~3 pages · Grade level 10.8 · Accepted 2024-06-06 16:36:01
Key Financial Figures
- $0.10 — nge on which registered Common Stock, $0.10 Par Value MTZ New York Stock Exchan
- $550,000,000 — d to issue and sell to the Underwriters $550,000,000 aggregate principal amount of 5.900% Se
Filing Documents
- d845669d8k.htm (8-K) — 28KB
- d845669dex11.htm (EX-1.1) — 172KB
- d845669dex991.htm (EX-99.1) — 15KB
- 0001193125-24-156129.txt ( ) — 387KB
- mtz-20240605.xsd (EX-101.SCH) — 3KB
- mtz-20240605_lab.xml (EX-101.LAB) — 18KB
- mtz-20240605_pre.xml (EX-101.PRE) — 11KB
- d845669d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 1.1 Underwriting Agreement, dated June 5, 2024, by and among the Company and J.P. Morgan Securities LLC, and BofA Securities, Inc., as representatives of the underwriters named therein. 99.1 Press release, dated June 5, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MASTEC, INC. Date: June 6, 2024 By: /s/ Alberto de Cardenas Name: Alberto de Cardenas Title: Executive Vice President, General Counsel and Secretary