MasTec - M&A Summary and Business Overview

ConstructionCompany

MasTec M&A Summary

MasTec has acquired 30 companies, including 4 in the last 5 years. A total of 2 acquisitions came from private equity firms.

MasTec’s largest acquisition to date was in 2022, when it acquired Infrastructure & Energy Alternatives for $1.1B. MasTec has acquired in 17 different US states, and 4 countries. The Company’s most targeted sectors include construction (77%) and communications (10%).

MasTec Business Overview

Where is MasTec headquartered?

MasTec is headquartered in Coral Gables, Florida.

What is MasTec’s revenue?

MasTec disclosed revenue of 9,778M USD for 2022 and 7,952M USD for 2021.

How many employees does MasTec have?

MasTec has 32,000 employees.

What sector is MasTec in?

MasTec is a construction company.

When was MasTec founded?

MasTec was founded in 1929.

M&A Summary

  • M&A Total Activity30
    • M&A Buy Activity30
  • Total Sectors Invested 6
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 4
  • M&A Advisors 3

MasTec

MasTec, Inc.

800 South Douglas Road,
Coral Gables, Florida 33134
United States,
(305) 599-1800
www.mastec.com

MasTec is an infrastructure construction company operating mainly throughout North America. MasTec's primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility infrastructure, such as: wireless, wireline/fiber and satellite communications; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; power generation; and industrial infrastructure. MasTec was formed in 1929 and is based in Coral Gables, Florida.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # 26 - 3 1 - - 30
vol $943M $1.0B $1.1B $3.1B
Sell (0.0/yr) # - - - - - - 0
  30

Most Recent M&A

Company Date Value Type
Infrastructure & Energy Alternatives LLC 2022-07-25 1.1B USD Add-on Acquisition
Westchester, Illinois · www.iea.net
Henkels & McCoy, Inc. 2021-12-20 600M USD Add-on Acquisition
Blue Bell, Pennsylvania · www.henkels.com
Intren LLC 2021-05-05 420M USD Add-on Acquisition
Union, Illinois · www.intren.com
FNF Construction, Inc. 2021-02-04 - Add-on Acquisition
Tempe, Arizona · www.fnfinc.com
WesTower Communications, Inc. 2014-10-20 199M USD Divestiture
Orlando, Florida · www.westower.com
Pacer Construction Holdings Corporation 2014-06-30 126M USD Add-on Acquisition
Calgary, Alberta · www.pacercorp.com
Speed Wire, Inc. 2014-05-06 - Add-on Acquisition
Mineola, New York · www.speedwireinc.com
Big Country Energy Services Inc. 2013-05-30 127M USD Add-on Acquisition
Calgary, Alberta · www.bigcountryenergy.com
Halsted Communications, Ltd. 2011-06-16 15M USD Add-on Acquisition
Ballston Spa, New York
Halsted Communications Ltd. 2011-06-16 - Add-on Acquisition
Ballston Spa, New York · www.needdtv.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Construction 23 (77%) 1.6B (53%) - -
Communications 3 (10%) 206M (7%) - -
Business Services 1 (3%) - - -
Consumer Services 1 (3%) - - -
Energy Services and Equipment 1 (3%) 127M (4%) - -
Infrastructure 1 (3%) 1.1B (36%) - -
Total 30 $3.1B - -

By Geo

State/Country Buy Value Sell Value
United States 24 2.7B - -
  Florida 4 199M - -
  New York 3 15M - -
  Illinois 2 1.5B - -
  Wisconsin 1 132M - -
  Virginia 1 18M - -
  Texas 1 44M - -
  Tennessee 1 - - -
  Pennsylvania 1 600M - -
  Oklahoma 1 - - -
  North Dakota 1 200M - -
  North Carolina 1 6M - -
  New Hampshire 1 8M - -
  Minnesota 1 - - -
  Georgia 1 - - -
  California 1 - - -
  Arizona 1 - - -
Canada 4 276M - -
  Alberta 2 253M - -
  Ontario 1 - - -
Mexico 1 - - -
Spain 1 40M - -
Domestic 24 (80%) 2.7B (90%) - -
Cross-border 6 (20%) 315M (10%) - -
Total 30 $3.1B - -

Top M&A Advisors

Financial Deals
J.P. Morgan Securities
1
Legal Deals
Holland & Knight LLP
2
Fried Frank Harris Shriver & Jacobson LLP
1

Deal Values

buy # Total
> $1B 1 $1.1B
$100M to $1B 7 $1.8B
< $100M 8 $159M
TOTAL $3.1B
Largest Infrastructure & Energy Alternatives LLC
$1.1B (2022-07-25)

M&A Connections

Deals
Acquired from
Investor(s)
7%
2 (7%)
Strategic(s)
7%
2 (7%)

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