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Synopsis
MasTec, infrastructure construction company, completed the acquisition of Henkels & McCoy Group, an electrical power transmission and distribution utility services firm, for $600m. "We are pleased to officially welcome the more than 5.1k Henkels team members to the MasTec family. We believe that the addition of Henkels, coupled with MasTec's existing operations, creates a market leading utility contractor with significant expertise, scale and capacity that can provide a complete and compelling suite of service offerings to our customers as they work to transition to renewable energy generation, modernize power grid systems and reduce carbon emissions," Jose Mas, MasTec CEO.
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