Willdan to Acquire Mantis Innovation, Expanding Energy Management Footprint
WLDN sits 24% above its 52-week low of $64.665.
Summary
Willdan Group has agreed to acquire Mantis Intermediate Holdings for $285 million in cash. The acquisition deepens Willdan's energy management and infrastructure capabilities, following a strong Q2 where revenue more than doubled consensus. Mantis brings complementary technology and client relationships, and this is Willdan's first major acquisition since the Burton deal that fueled the Q2 beat. No additional financial terms were disclosed beyond the $285 million cash consideration. Integration details and the impact on Willdan's growth trajectory are yet to be announced.
Updates
· SEC 8-K — The purchase agreement, dated September 22, 2026, sets a base price of $285 million, subject to working capital, cash, debt, and expense adjustments, with closing expected October 30, 2026, pending HSR clearance and other conditions.
At the time of this announcement, WLDN was trading at $79.89 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $1.2B. The 52-week trading range was $64.67 to $137.00. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.