Asset Manager

Updated:

Infrastructure and Energy Alternatives

Infrastructure and Energy Alternatives (IEA) was an independent contractor until its acquisition by MasTec in early 2022.

Infrastructure and Energy Alternatives

Infrastructure and Energy Alternatives (IEA) was an independent contractor until its acquisition by MasTec in early 2022. The firm now operates as a MasTec subsidiary, focusing on large-scale infrastructure construction. Its wealth origin is not publicly disclosed, as IEA is a corporate operating entity rather than a family office. IEA engineers and constructs projects across clean energy (solar, wind, battery storage), power generation (natural gas and alternative fuel plants), power delivery (transmission and distribution), and data centers. It also builds oil and natural gas pipelines, EV charging infrastructure, and civil infrastructure for water/wastewater and transportation. The firm has a strong US domestic focus, with offices across North America. It does not typically act as a financial investor; instead, it contracts for construction and engineering services. The firm is backed by MasTec's 80+ years of experience and 36,000 skilled professionals. It is certified as a Minority-Controlled Company by the National Minority Suppliers Development Council (NMSDC). No recent standalone operational event was publicly attributed to IEA separate from MasTec. IEA's structural differentiator is its role as a dedicated infrastructure construction arm within a larger publicly traded parent (MasTec). This structure provides access to significant resources, an owned fleet of specialized equipment, and the ability to handle complex, multi-billion-dollar projects across regulated and renewable energy sectors.

General information

Firm type

Asset Manager

Year founded

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Indianapolis

Corporate office

Indianapolis, IN, United States

Sector focus

Clean Energy & InfrastructureData CentersEV InfrastructurePipeline InfrastructurePower GenerationPower DeliveryCivil InfrastructureTechnology DeploymentWater & WasteWaterCommunications

Frequently asked questions

Who runs investment decisions at Infrastructure and Energy Alternatives?

Infrastructure and Energy Alternatives is a construction operating company, not an investment firm. Investment decisions related to its capital structure and major projects are made by MasTec's executive leadership, including CEO Jose Mas and the board of directors.

Is Infrastructure and Energy Alternatives structured as a single family office or does it operate more like a venture firm?

Neither. IEA is an infrastructure construction company and a wholly owned subsidiary of MasTec Inc., a publicly traded corporation (NYSE: MTZ). It does not manage family wealth or operate as a venture firm.

What investment stages does Infrastructure and Energy Alternatives typically target?

IEA does not invest; it contracts for the engineering and construction of capital projects. It works on utility-scale renewable energy plants, data centers, power transmission, and other infrastructure at various stages of development, typically as a primary contractor.

Which sectors does Infrastructure and Energy Alternatives explicitly avoid?

IEA's public materials do not list any explicitly avoided sectors. Its focus is on physical infrastructure — clean energy, power, data centers, pipelines, civil works, and communications — rather than financial technology or software.

How is Infrastructure and Energy Alternatives related to MasTec?

MasTec acquired IEA in early 2022, folding it into its Clean Energy and Infrastructure segment. IEA now operates as a MasTec subsidiary, and its projects are executed under the MasTec corporate umbrella.

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