Source: GlobeNewswire

Press Release: Ares Management : Infrastructure and Energy Alternatives, Inc. Announces Closing of $50 Million Equity Transaction

INDIANAPOLIS, May 20, 2019 (GLOBE NEWSWIRE) -- Infrastructure and Energy Alternatives, Inc. (NASDAQ: IEA) ("IEA" or the "Company"), a leading infrastructure construction company with specialized energy and heavy civil expertise, today announced that it has successfully completed the previously announced $50 million equity transaction ("Equity Transaction") with a fund managed by the Private Equity Group of Ares Management Corporation (NYSE: ARES), a leading global alternative asset manager, and funds managed by Oaktree Capital Management, L.P. ("Oaktree").

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Based on data from Ares's latest SEC filings

Annual Revenue

Based on data from Ares's latest SEC filings

Employees

Michael J Arougheti's photo - CEO of Ares

CEO

Michael J Arougheti

CEO Approval Rating

75/100

Ares is an asset management company that focuses on private equity, direct lending, tradable credit and real estate serv... Read more