IEA Energy Services LLC’s $255 million merger with M III Acquisition Corp.


Paul, Weiss is representing renewable energy infrastructure company IEA Energy Services LLC in its $255 million merger with M III Acquisition Corp.

MIII will be renamed as “Infrastructure and Energy Alternatives, Inc.” upon consummation of the merger and will continue to be listed on the Nasdaq Capital Market under the symbol “IEA.”

Funds managed by the Power Opportunities group of Oaktree Capital Management, L.P. and the IEA management team will hold a significant ownership interest in IEA following the merger.

Infrastructure & Energy Alternatives, LLC, a holding company, operates a portfolio of energy and water infrastructure service companies in North America. The Firm, led by Paul M. Daily, Creighton K. Early, Jeff Rodabaugh, David Bostwick and John Kennedy, is based in Westchester (IL).

The Paul, Weiss team includes corporate partners Ellen Ching (Picture), Kenneth Schneider, Eric Goodison and Lawrence Wee; tax partner Patrick Karsnitz; real estate partner Mitchell Berg and counsel Barry Langman; employee benefits counsel Reuven Falik; antitrust counsel Marta Kelly; environmental counsel William O’Brien; and intellectual property counsel Jonathan Ashtor.

Involved fees earner: Ellen Ching – Paul Weiss Rifkind Wharton & Garrison; Kenneth Schneider – Paul Weiss Rifkind Wharton & Garrison; Eric Goodison – Paul Weiss Rifkind Wharton & Garrison; Lawrence Wee – Paul Weiss Rifkind Wharton & Garrison; Patrick Karsnitz – Paul Weiss Rifkind Wharton & Garrison; Mitchell Berg – Paul Weiss Rifkind Wharton & Garrison; Barry Langman – Paul Weiss Rifkind Wharton & Garrison; Reuven Falik – Paul Weiss Rifkind Wharton & Garrison; Marta Kelly – Paul Weiss Rifkind Wharton & Garrison; William O’Brien – Paul Weiss Rifkind Wharton & Garrison; Jonathan Ashtor – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: Infrastructure & Energy Alternatives, LLC;

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Author: Ambrogio Visconti