Willdan Group Inc WLDN:NASDAQ

Last Price$39.48NASDAQ Previous Close - Last Trade as of 4:00PM ET 9/13/19
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Willdan Group Inks Deal to Buy Energy-Efficiency Contractor for Undisclosed Amount

4:10PM ET 6/19/2019 MT Newswires
Willdan Group (WLDN) late Wednesday said it has signed a letter of intent to acquire substantially all of Onsite Energy Corp.

Financial and other details of the proposed transaction were not disclosed. The construction company is expecting its purchase of the energy-efficiency services company to close before the end of June, subject to certain closing conditions and the conversion of certain contractual liabilities into new debt.

Wildan also said Onsite Energy generated around $20 million in revenue over the last year, adding it expects the deal will boost its FY19 earnings.

Price: 34.02, Change: +0.82, Percent Change: +2.47