Willdan to buy Mantis Innovation for USD 285 million cash
Bitget2026/09/22 20:08- Willdan agreed to buy Mantis Innovation for USD 285 million in cash, subject to customary holdbacks and adjustments.
- Mantis, based in Houston, provides building controls, energy efficiency, energy advisory, energy procurement, and facility management services.
- Closing is expected in the fourth quarter of 2026, pending completion of the HSR anti-trust approval process.
- Mantis is forecast to generate USD 120 million of net revenue in 2026 with an adjusted EBITDA margin in the low 20% range.
- Willdan plans to fund the deal with a new USD 250 million term loan, cash on hand, and borrowings under existing credit facilities.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Honda Motor (HMC.US) Reports 65.7% Increase in Net Profit in the First Half, Plans to Expand Production Capacity in North America and Brazil
Honda Motor (HMC.US) released its financial results for the first half of fiscal year 2027 on November 10.
Crypto winter not over? Mining rig hosting provider Bitari cancels orders at the last minute, IPO plans put on hold
Bitcoin mining service provider Bitari has withdrawn its Nasdaq IPO plan. The company originally intended to issue 4.3 million shares at $7 per share to raise $30 million. Its annual revenue is approximately $11 million.
Pre-orders for GTA 6 are booming and may reverse the downward trend! Citigroup raises Take-Two Interactive Software (TTWO.US) target to $270
Citigroup maintains a "Buy" rating on Take-Two Interactive Software, with a target price of $270.
Crypto prices
More
