Alliant Energy Engages UBS Investment Bank to Assist With the Sale of RMT
MADISON, Wis., Feb. 20, 2012 /PRNewswire/ -- Alliant Energy Corporation (NYSE: LNT) today announced that it has engaged UBS Investment Bank to assist with the sale of its non-regulated subsidiary RMT, Inc. (RMT), a renewable energy engineering, procurement and construction (EPC) contractor.
Earlier this month, the Alliant Energy Board of Directors approved a plan to sell the RMT business. RMT (www.rmtinc.com) is an EPC contractor specializing in the design and construction of wind and solar electric energy generating facilities. RMT's experienced construction crew is backed by in-house engineering and development support professionals who have provided engineering, procurement and civil and electrical infrastructure construction for over 5,000 MW of renewable energy projects across 26 states. RMT was founded in 1977 and began working in the renewable energy field in the mid-1990s. The company is based in Madison, Wis.
Please direct your inquiries related to the sale to either of the following individuals at UBS Investment Bank:
Alliant Energy is an energy-services provider with subsidiaries serving approximately 1 million electric and 414,000 natural gas customers across the Midwest. Providing customers in the states of Wisconsin, Iowa and Minnesota with regulated electric and natural gas service is the company's primary focus. Alliant serves over 1,300 communities across a service territory of 54,000 square miles in the heartland of America. The company is headquartered in Madison, Wis., and is a Fortune 1000 company traded on the New York Stock Exchange under the symbol LNT. For more information, please visit the company's web site at www.alliantenergy.com.
SOURCE Alliant Energy