Alliant Energy Corp. has agreed to sell construction services provider RMT to Infrastructure and Energy Alternatives (IEA), the parent company of rival construction services provider White Construction.
Subject to customary conditions, the participants expect the deal to close in January.
IEA says RMT will become a subsidiary company working in IEA's renewable energy group along with White Construction. IEA says RMT will retain its Madison, Wis.-based headquarters.
UBS Investment Bank advised Alliant Energy on the transaction.
