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M III Acquisition Corp. (NASDAQ: IEA), a special purpose acquisition company that completed a $150 million IPO in July 2016, merged with a portfolio company of a fund managed by Oaktree Capital Management LP in March 2018 to form Infrastructure and Energy Alternatives Inc. 

IEA is a national infrastructure construction company and a recognized leader in the construction of utility-scale wind and solar projects across North America.

On October 7, 2022, MasTec, Inc. NYSE: MTZ), acquired all of the outstanding shares of common stock of IEA pursuant to a merger transaction which valued IEA at approximately $1.1 billion.  MasTec is a leading national infrastructure construction company operating mainly throughout the United States across a range of industries.

During the period from M III Acquisition Corp.'s merger with IEA in 2018 to IEA's merger with MasTec in 2022, IEA's revenue grew from approximately $780 million to approximately $2.3 billion through a combination of acquisitions and organic growth - and with IEA holding approximately $3.5 billion in backlog as of June 30, 2022. 


M3-Brigade Acquisition III Corp. (NYSE: MBSC), a special purpose  acquisition company which completed a $300 million IPO in October 2021, merged with Greenfire Resources (NYSE: GFR) on September 23, 2023. 

Greenfire is a Calgary-based intermediate, lower-cost and growth-oriented Athabasca oil sands producer with concentrated Tier-1 assets that utilize steam assisted gravity drainage extraction methods.

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