AcquisitionsNov 5, 2026, 04:17 PM
Willdan Group Acquires Mantis Innovation for $285 Million
AI Summary
Willdan Group, Inc. announced the completion of its acquisition of Mantis Intermediate Holdings, LLC (Mantis Innovation) for $285 million in cash, subject to customary adjustments. The acquisition was financed using $35 million from its existing Revolving Credit Facility and $250 million borrowed under an amended Credit Agreement, which included a new $250 million term loan facility. Mantis Innovation offers building controls, energy efficiency, and facility management solutions to commercial and industrial clients. Willdan expects this acquisition to enhance its ability to help clients manage energy load, control costs, and maintain reliability.
Key Highlights
- Willdan Group completed the acquisition of Mantis Intermediate Holdings, LLC for $285 million.
- The acquisition was financed through $35 million from its Revolving Credit Facility and $250 million from a new term loan facility.
- Willdan amended its credit agreement to add a $250 million term loan facility to fund the acquisition and related expenses.
- Mantis Innovation provides building controls, energy efficiency, and facility management solutions.
- The transaction closed on October 30, 2026, after HSR approval and satisfaction of closing conditions.
Price Impact
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