Merger With Indy Wind Farm Developer Complete

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INDIANAPOLIS -

New York-based M III Acquisition Corp. (Nasdaq: MIII) has completed its merger with IEA Energy Services LLC in Indianapolis. As a result of the $255 million deal, the combined company has changed its name to Infrastructure and Energy Alternatives Inc. and is now trading on the Nasdaq under the ticker symbol IEA.

The merger with IEA, which specializes in the design and construction of energy infrastructure with a focus on renewable energy projects, was first announced in November. The combined company will remain headquartered in Indianapolis.

"Our team is enthusiastic about this important milestone in IEA's development," said JP Roehm, chief executive officer of IEA. "We plan to use the elevated profile we expect from our NASDAQ listing and public currency to further expand our industry presence and seek to build long-term value for our shareholders. "We are confident in our ability to continue to grow our wind energy business and leverage our expertise and relationships to deliver infrastructure solutions in other areas, including solar, traditional power generation and civil infrastructure."

The company says IEA's current total backlog of contracted and awarded wind projects amounts to $1.1 billion, including more than $643 million for 2018. You can learn more about the merger by clicking here.

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