List of Mastec 's 18 Acquisitions, including Henkels & McCoy and INTREN. Senior Management will hold a conference call to discuss these results on Friday, August 6, 2021, at 9:00 a.m. Eastern time.The call-in number for A total of 1 acquisition came from private equity firms.. MasTecs largest acquisition to date was in 2021, when it acquired Henkels & McCoy for $600M. Founded in 1923, Henkels has First quarter results include acquisition and integration costs of $13.6 million related to fourth quarter 2021 acquisitions. The 2021 Annual Meeting of Shareholders of MasTec, Inc. will be held on May 20, 2021 at 9:30 a.m., local time, via remote communication as more fully described below. On March 22, 2008, appellants attended a real estate auction in Las Vegas; however, they did not find a house to purchase at that auction. Henkels is the 14th largest U.S. specialty contractor according to J. Marc Lewis-- Vice President of Investor Relations. MasTec Announces First Quarter 2022 Financial Results with Record Backlog and Updates Guidance for the Year. MasTec, Inc. (NYSE: MTZ) announced today the release of its 2021 Sustainability Report. CORAL GABLES, Fla., May 6, 2021 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced record first quarter 2021 financial results and increased its guidance for the remainder of 2021. Second quarter 2021 revenue was $2.0 billion, compared to $1.6 billion for the prior year period, a 25% increase. CORAL GABLES, Fla., Nov. 4, 2021 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced third quarter 2021 financial results and updated its guidance for the remainder of 2021. MasTec, Inc. announced that it has entered into a definitive agreement to acquire Henkels & McCoy Group Inc. (Henkels), one of the largest U.S.private electrical power transmission and distribution utility services firm and the 14 th largest U.S. specialty contractor according to the recent 2021 Engineering News-Record ranking.. MasTec Canada. MasTec projects post-acquisition leverage metrics to remain within the targeted range and ample liquidity. Companies Contacts Investors Funding Rounds Acquisitions People Events Schools Hubs Saved . MasTec anticipates that post-acquisition leverage metrics will remain comfortably within its target range with ample liquidity. MasTec anticipates that post-acquisition leverage metrics will remain comfortably within its target range with ample liquidity. Third quarter 2021 GAAP net income was $112.5 million, or Disposition of Acquired Organization Subsidiary. MasTec, Inc. announced that it has entered into a definitive agreement to acquire Henkels & McCoy Group Inc. (Henkels), one of the largest U.S.private electrical power transmission and distribution utility services firm and the 14 th largest U.S. specialty contractor according to the recent 2021 Engineering News-Record ranking.. As previously announced, during the fourth quarter, MasTec completed the acquisition of Henkels & McCoy Group, Inc., a premier utility services provider with total transaction consideration approximating $600 million. MasTec depends largely on acquisition of assets and businesses for growth. MasTec has a penchant for acquisitions and strategic alliances for bolstering inorganic growth and expanding market share. 2021 Strategic Tuck-in Acquisitions Broaden Service Offerings Communications Engineering Electrical Distribution Electrical Distribution Gas Distribution MasTec Base Business is Expanding. Price $420M. MasTec Canada Inc. is a diversified infrastructure construction company that operates throughout Canada with a focus on the four western provinces of British Columbia, Alberta, Saskatchewan and Manitoba. CORAL GABLES, Fla., Dec. 20, 2021 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that it has entered into a definitive agreement to acquire Henkels & McCoy Group Inc. (Henkels), one of the largest U.S. private electrical power transmission and distribution utility services firm and the 14th largest U.S. specialty contractor according to the recent 2021 Big Country Energy Services acquired by Mastec . MasTec has acquired in 16 different US states, and 4 countries. MasTec projects post-acquisition leverage metrics to remain within the targeted range and ample liquidity.Henkels is the 14th largest 2. Acquisition Terms Cash. Founded in 1988 by a sole female founder, INTREN is a premier utility specialty contractor primarily providing electrical MasTec projects post-acquisition leverage metrics to remain within the targeted range and ample liquidity. Ad hoc committees are formed as needed. Mastec (MTZ) Group 3,4,5 Annual Filings Current Reports Mergers & Acquisitions Other Proxy Filings Quarterly Filings Registration Statements Filing year - Any - 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 MasTec projects post-acquisition leverage metrics to remain within the targeted range and ample liquidity. First quarter results include acquisition and integration costs of $13.6 million related to fourth quarter 2021 acquisitions. Wanzek is pleased to share that Mastec has acquired FNF Construction, (Opens an external site in a new window) a large transportation infrastructure contractor based out of Tempe, AZ. MasTec Inc. balance sheet, income statement, cash flow, earnings & estimates, ratio and margins. MasTec Canada is committed to ensuring the safety of our employees, contractors, stakeholders and the public in all our activities. 9. MasTec anticipates that post-acquisition leverage metrics will remain comfortably within its target range with ample liquidity. Both actual fiscal 2021 and expected post-acquisition 2022 results reflect impacts of underperforming communications and pipeline services operations, which are anticipated to improve over time. of our Sector Industry Market Cap Revenue; Construction: Building - Heavy Construction: $5.900B: $7.952B: MasTec is a leading infrastructure construction company. 3. MasTec Advanced Technologies is the leader in last mile fulfillment services for the deployment and installation of technology and IoT devices. MasTec provides turnkey solutions for water & sewer, and distribution transmission systems, including treatment plants and facilities. At MasTec, safety isnt just a priority, its a core value. CORAL GABLES, Fla., Aug. 5, 2021 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced strong second quarter 2021 financial results and updated its guidance for the remainder of 2021. At MasTec, safety isnt just a priority, its a core value. MasTec Acquisitions / Subsidiaries. MasTec anticipates that this transaction will be accretive to its earnings in 2021 and 2022 and will provide additional details on INTREN during the Company's upcoming first quarter earning conference call on May 7, 2021. Dec 20, 2021 . In addition to descriptive data, performance of the investment is shown over time. MasTec Inc. has closed its previously announced acquisition of Henkels & McCoy Group Inc. in a cash and stock transaction valued at approximately $600 million. The following information was filed by Mastec Inc (MTZ) on Friday, February 25, 2022 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. Mastec has historically strong wages and good reviews from lineman as submitted in our annual survey. The transaction has been unanimously approved by the Board of Directors of both MasTec and Henkels, as well as Henkels' shareholders, and is expected to close by year end 2021, subject to receiving required Hart-Scott-Rodino approvals and the satisfaction of other customary closing conditions. Holland & Knight LLP acted as legal counsel to MasTec. As a Specialist Sourcer I am responsible for industry and function-focused candidate sourcing, pre-screening, testing and qualifying candidates. For the Fourth Quarter:. United States. Save Search . Both actual fiscal 2021 and expected post-acquisition 2022 results reflect impacts of underperforming communications and pipeline services operations, which are anticipated to improve over time. Big Country Energy Services . May 30, 2013 . Strong Prospects: MasTec has a strong growth potential for 2020 and 2021, given a record backlog of $8.3 billion at March-end, up $367 million sequentially and $327 million year over year. MasTec, Inc. (NYSE:NYSE:MTZ) Q4 2021 Earnings Conference Call February 25, 2022, 09:00 ET Company Participants Marc Lewis - VP, IR Jose Mas - CEO & Director George Pita - Dec 21, 2021; 1 min read; What Mastec acquisition of Henkels & McCoy means for Linemen. MasTec has a penchant for acquisitions and strategic alliances for bolstering inorganic growth and expanding market share. Henkels is one of the largest U.S. private electrical power transmission and distribution utility services firms and the 5th largest U.S. utility contractor in the recent 2021 Engineering News-Record ranking. FNF has been in the construction business since 1984 and primarily serves Texas, Arizona and New Mexico. Safety is the core of everything we do, and our Safety Management System is designed to assist in identifying trends and continuous improvement opportunities. Thanks, David. CORAL GABLES, Fla., Aug. 5, 2021 /PRNewswire/ -- MasTec, Inc. the first half of 2021 allowed us to easily fund organic growth and invest approximately $600 million in GAAP net income was $76.4 million, or MIAMI (May 10, 2021) Holland & Knight advised MasTec, Inc. (NYSE: MTZ) on its $420 million acquisition of INTREN, LLC, one of the largest private energy distribution contractors in the country. The acquisition will be funded from MasTec' s cash on hand and its existing senior secured credit facility and is subject to customary purchase price adjustments. Mastec MasTec is an infrastructure engineering and construction company. Notably, first-quarter results include acquisition and integration costs related to fourth-quarter 2021 buyouts. The 98-year-old Henkels & McCoy has approximately $1.5 billion in fiscal 2021 revenue. Announced Date May 5, 2021. CORAL GABLES, Fla., Dec. 30, 2021 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced today that it has closed its previously announced acquisition of Henkels & McCoy Group, Inc. ("Henkels"), the 5 th largest U.S. utility contractor in the recent 2021 Engineering News-Record ranking, in a cash and stock transaction valued at approximately the Finance and Mergers and Acquisitions Committee, and the Nominating, Sustainability and Corporate Governance Committee. Founded in 1923, Henkels has CORAL GABLES, Fla., Feb. 24, 2022 /PRNewswire/ -- MasTec, Inc. today announced strong 2021 fourth quarter and full year financial results and issued its initial 2022 guidance expectation. Jose Mas, MasTec's Chief Executive Officer, commented, "We are pleased with our strong first quarter results and to be in position to significantly raise Mastec . As of Jun 30, 2020, the company achieved a record 18-month backlog of $8.2 billion, up $398 million year over year. Acquisition Status Complete. First quarter 2021 revenue was $1.8 billion, compared to $1.4 billion for the prior year, a 25% increase. Fourth quarter 2021 revenue was up 10.5% to $1.8 billion, compared to $1.6 billion for the fourth quarter of 2020. See the 10 stocks *Stock Advisor returns as of October 20, 2021. First quarter 2021 cash flow from operations was $257 million, The deal was announced on May 5. And good morning, everyone. Mastec has historically strong wages and good reviews from lineman as submitted in our annual survey. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. The acquisition was effective December 30, 2021, and thus had no impact on fourth quarter or full year 2021 income statement results. MasTec has acquired 28 companies, including 2 in the last 5 years. Jun 2021 - Feb 20229 months. Welcome to MasTec's Second Quarter 2021 Earnings Conference Call, initially broadcast on Friday, August 6, 2021. Second quarter 2021 GAAP net income increased 33% to This backlog provides strong visibility for 2020 and 2021. View MTZ financial statements in full. MasTec has a penchant for acquisitions and strategic alliances for bolstering inorganic growth and expanding market share. First quarter results include acquisition and integration costs of $13.6 million related to fourth quarter 2021 acquisitions. IT8900A/E is often used in the R&D of power supply and battery due to its relative advantages in dynamic speed and test accuracy.ITECH new product IT8400 series high-performance DC electronic load is a high-power electronic load that integrates power, precision and speed. Acquisition Type Acquisition. The Companys most targeted sectors include construction (79%) and communications (11%). MasTec Inc., Coral Gables, FL, plans to acquire Henkels & McCoy Group Inc., one of the largest U.S. private electrical power transmission and distribution utility services firm and the sixth largest electrical contractor on EC&M magazine's Top 50 listing. Total transaction consideration will be $600 million, with approximately $420 million in cash (including the repayment of Henkels' debt) plus approximately 2 million shares of MasTec common stock, subject to customary purchase price adjustments. In the year-ago period, the reported adjusted earnings were $1.10 per share. MasTec, Inc. (NYSE: MTZ) today announced that it will release results of operations for the year and quarter ended December 31, 2021 after the market closes on Thursday, February 24, 2022. Safety is a mindset and an attitude that all MasTec employees carry with them on a daily basis. Jose Mas, MasTec's Chief Executive Officer, commented, "First of all, we look forward to welcoming almost 5,100 Henkels team members to the MasTec family. of our recent acquisitions." Company Name Date Deal Size; Henkels & McCoy Group, Inc. December 29, 2021: $600 m: INTREN, LLC: May 04, 2021: $420 m: WesTower Communications, Inc: October 19, 2014: $199 m: CORAL GABLES, Fla., Dec. 31, 2021 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that its senior management will Welcome to MasTec's Second Quarter 2021 Earnings Conference Call We expect annual 2021 depreciation expense to approximate 4.2% of revenue inclusive of first half 2021 acquisition activity. Dec 21, 2021; 1 min read; What Mastec acquisition of Henkels & McCoy means for Linemen. Third quarter 2021 revenue was a record $2.4 billion, compared to $1.7 billion for the prior year period, a 42% increase. MasTec Inc. has completed the previously announced acquisition of Henkels & McCoy Group Inc. in a cash and stock transaction valued at approximately $ 600 million. 2021 OTA 156P Precedential 8.