Willdan Group, Inc (WLDN) News & EventsWLDNWilldan Group, Inc

Willdan Acquires 100% Equity of Mantis for $285 Million

Willdan Group "announced it has entered into a definitive Membership Interest Purchase Agreement with Mantis Innovation to acquire 100% of the outstanding equity of Mantis Intermediate Holdings, LLC. The total purchase price of this acquisition is $285 million in cash, subject to customary holdbacks and adjustments. The closing of the acquisition is subject to completion of the Hart-Scott-Rodino anti-trust approval process. Willdan expects the acquisition of Mantis to close during the fourth quarter of 2026. Headquartered in Houston, Texas, Mantis is a leading provider of building controls, energy efficiency, energy advisory, and facility management solutions. With more than 220 employees, Mantis expands Willdan's commercial market presence in data centers, food and beverage, healthcare, and other industries, while creating meaningful opportunities to leverage each company's customer relationships with a broader range of core energy offerings."

Sees FY26 Net Revenue of $415M-$430M

Sees FY26 net revenue $415M-$430M.

Willdan Acquires 100% Membership Interests of Burton Energy

Willdan Group acquired 100% of the membership interests of Burton Energy Group, an energy management consulting and solutions provider headquartered near Atlanta, Georgia. The company said, "Burton provides cost-effective, data-driven energy management, energy procurement, energy efficiency, and turnkey asset replacement services to multi-site commercial clients, which include monitoring over 60,000 client sites across the United States." Burton reported approximately $103M in contract revenue, $15M in net revenue, and $7M in EBITDA in 2025. The transaction is expected to be accretive to Willdan's 2026 adjusted earnings per share. The terms of the transaction were not disclosed. Additional details will be provided in Willdan's earnings press release, updated guidance, and conference call.