CHICAGO, Feb. 1, 2013 /CNW/ - Infrastructure and Energy Alternatives, LLC (IEA) announced today that it has closed on the acquisition of renewable energy construction and engineering firm RMT Inc. (RMT), previously owned by Alliant Energy Corporation.
IEA is a leading provider of engineering, procurement and construction services to a variety of markets including renewable energy and fossil fuel generation across North America. RMT will become a subsidiary of IEA working in their renewable energy group along with existing IEA subsidiary White Construction, Inc.
"The addition of RMT strategically strengthens our customer base and the services we provide as a leader in the engineering and construction of renewable energy projects," said Paul Daily, IEA Chief Executive Officer. "RMT brings a new dimension to IEA in the form of its energy project development group. Additionally, RMT has a substantial portfolio of utility-scale renewable energy construction projects that they have completed across the US. Together RMT and White Construction have more than 9,500 megawatts of experience in the renewable energy industry providing IEA with a remarkable base from which to serve our clients."
RMT will remain headquartered in Madison, Wisconsin under the leadership of newly appointed President, John Kennedy. Mr. Kennedy brings to RMT over 25 years of engineering and construction leadership expertise. Throughout his career he has worked in the energy and infrastructure markets holding high level positions at Exelon, InfraSource, Stone and Webster and Roberts and Schaefer. Paul Daily noted, "We are pleased to have someone with John's broad industry experience to lead RMT and we believe that his expertise will help accelerate the company's growth and maximize opportunities and synergies within the IEA organization."
John Kennedy, RMT's new President added, "I am excited to join RMT and the IEA organization which has strategically positioned itself for impressive growth in multiple markets. I am confident RMT will transition well into the IEA organization and as a team we can significantly grow our service offerings."
About Infrastructure & Energy Alternatives, LLC
Infrastructure & Energy Alternatives, LLC is a holding company established to acquire and manage industry-leading businesses for significant and sustainable growth opportunities in the energy, water and environmental infrastructure services markets across North America. For more information, visit www.iea.net.
About RMT, Inc.
RMT is a leading EPC contractor specializing in the design and construction of wind and solar electric energy generating facilities and high-voltage transmission lines. RMT's experienced construction crew is backed by in-house engineering and development support professionals. RMT's EPC renewable energy portfolio includes over 5,000 MW. The company is headquartered in Madison, Wisconsin. For more information, visit www.rmtinc.com.
SOURCE: Infrastructure and Energy Alternatives, LLC
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