Infrastructure and Energy Alternatives, Inc.
NASDAQ Capital MarketCapital Structure
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in mil. unless spec.Company Description
- CEO
- John Roehm
- Full Time Employees
- 3,718
- Sector
- Industrials
- Industry
- Engineering & Construction
- Address
- 6325 Digital Way Ste 460 Indianapolis IN United States of America 46278
- IPO Date
- Jul 7, 2016
- CIK
- 0001652362
- Website
- mastec.com
- Similar Companies
- Business
- Infrastructure and Energy Alternatives, Inc. (IEA) operates as a leading infrastructure construction company specializing in renewable energy, power delivery, heavy civil, industrial/power, rail, environmental remediation, and infrastructure services. The company provides full engineering, procurement, and construction (EPC) services; turnkey and design-build solutions; balance of plant offerings; and subcontracting for utility-scale wind and solar projects, including foundation installation, racking/tracking systems, module installation, high-voltage transmission lines, substations, underground systems, site development, and commissioning; heavy civil works such as road and bridge construction, rail infrastructure planning and maintenance for class I and regional railways, environmental site closure, coal ash management, and stormwater solutions; industrial services encompassing plant, refinery, and manufacturing facility construction; and power delivery systems with security integration. Founded in 1947 and headquartered in Indianapolis, Indiana, IEA conducts operations throughout the United States, serving utilities, developers, and government entities with over 125 years of combined experience in heavy civil construction and more than 260 completed utility-scale renewable projects. In 2022, MasTec, Inc. acquired IEA for approximately $1.1 billion in a cash-and-stock transaction valued at $14.00 per share, integrating it as a subsidiary to expand clean energy generation, transmission, maintenance, heavy civil, rail, and remediation capabilities while achieving $10 million in annual cost synergies. The acquisition enhances IEA's scale within MasTec's Clean Energy and Infrastructure segment, contributing significant revenue—such as $2.6 billion to $2.7 billion in 2023—and supporting a $16.5 billion backlog as of 2025 amid U.S. infrastructure and decarbonization demand.
Company News
Oil Prices Fall as Traders Weigh IEA Reserve Releases, Hormuz Risks
Oil Falls, Weighed by IEA's Crude, Diesel Release Announcement
IEA to speed up oil stocks release including over 20 million barrels of diesel
IEA says total oil stock release will exceed 400 million barrels
IEA: ‘Significant strain' in diesel markets
IEA to meet Wednesday over proposed release of reserves, say two EU diplomats
IEA to decide details of G7 diesel and oil stocks release on October 14-15, sources say
IEA's Birol says oil prices starting to fall after reserve release decision
G7 to release 100 million barrels of diesel and other reserves through IEA
IEA member states will discuss strategic oil reserve releases if needed, Birol says
BrenX: New IEA Special Report Identifies Thermal Storage as an "Increasingly Promising Solution" for Industrial Electrification
IEA chief says electrification remains the way forward despite AI investment jitters
IEA further cuts Russian oil output forecasts on Ukrainian attacks
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Wayfair highlighted as Zacks Bull and Louisiana-Pacific Bear of the Day
IEA's Birol: not discussing a second release of strategic oil reserves
Claims Rise Above Estimates
Hormuz Standoff Derails Oil Supply Recovery and Deepens Demand Slump, IEA Says
Hormuz closure squeezes global economy as oil demand destruction intensifies, IEA says
IEA slashes 2026 supply forecast as Hormuz reopening remains elusive