Acciona has closed an agreement to acquire 80% of the capital of Vertical Earth, an infrastructure contractor based in the state of Georgia (United States) that in 2025 registered revenues of 217 million dollars (191 million euros) and employs a workforce of 600 workers.
Brett Johnson, founder and CEO of Vertical Earth, will retain the remaining 20% of the company and will continue to lead the business, as Acciona has communicated to the National Securities Market Commission (CNMV).
The operation, whose definitive closing is expected before the end of the year and which still depends on the usual regulatory authorizations, will reinforce Atlanta's role as a strategic base for the development of Acciona's Infrastructure division in the US market.
Established in 1997 and specializing in transport, civil works, and structures projects, Vertical Earth will allow Acciona to increase its self-execution capacity in a market that the company considers "strategic" for its Infrastructure area, in addition to providing it with local knowledge and better connections with local suppliers and professionals.
The United States concentrates around 20% of the global infrastructure business, with a potential award volume of 303 billion dollars (266 billion euros) this fiscal year, driven by public-private partnership (PPP) models.
In the last two years, Acciona has multiplied by ten the joint value of its project portfolio in the United States, bringing it close to 70 billion euros, with initiatives such as the SR-400 highway in Georgia or the Calcasieu bridge in Louisiana.
Furthermore, as a member of the Red River Valley alliance, Acciona is participating in North Dakota in the Fargo-Moorhead flood diversion project, also under the PPP scheme.
In the water sector, the company has recently completed the modernization of the Tampa Bay desalination plant and will undertake the design, construction, and operation of the Doheny desalination plant (California). Likewise, it is developing three major water treatment projects in Puerto Rico, which will serve 325,000 people.