Willdan to acquire Mantis Innovation for $285 million in cash
Willdan Group said it will acquire Mantis Innovation for $285 million in cash. Mantis has more than 220 employees and provides controls, energy efficiency, energy advisory and facility management solutions.
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09:04:09 PM UTC
SquawkNews
Willdan's expected acquisition of Mantis Innovation is a key step in its strategy to diversify core markets and broaden commercial and industrial capabilities, the company says. Mantis is expected to generate $120 million of net revenue in 2026 with an adjusted Ebitda margin percentage in the low 2…
Willdan Group is buying Mantis Innovation for $285 million in cash. The Houston-based company has more than 220 employees and focuses on building controls, energy efficiency, energy advisory and facility management solutions. The deal adds to Willdan's commercial market presence in data cen…