LETTER TO IEA STOCKHOLDERSMerger Agreement • August 25th, 2022
On July 24, 2022, Infrastructure and Energy Alternatives, Inc. (referred to as “IEA”), MasTec, Inc. (referred to as “MasTec”) and Indigo Acquisition I Corp., a direct wholly owned subsidiary of MasTec (referred to as “Merger Sub”) entered into an Agreement and Plan of Merger that provides for the acquisition of IEA by MasTec (such agreement, as it may be amended from time to time, the “merger agreement”). Pursuant to the terms of the merger agreement, Merger Sub will merge with and into IEA (referred to as the “merger”), with IEA surviving the merger and becoming a wholly owned subsidiary of MasTec. The respective boards of directors of IEA and MasTec have unanimously approved the merger agreement and the merger.