About MasTec
MasTec is a company based in Coral Gables (United States) founded in 1929.. The company has 32,000 employees as of December 31, 2024. MasTec has completed 9 acquisitions, including Byers Engineering, FNF Construction and Henkels & McCoy. MasTec offers products and services including Infrastructure Construction, EPC Services, and Technology Deployment. MasTec operates in a competitive market with competitors including Dominion Energy, Enel X, Lightsource BP, EDF Renewable Energy and PowerFlex, among others.
- Headquarter Coral Gables, United States
- Employees 32000 as on 31 Dec, 2024
- Stage Public
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Mastec, Inc.
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Annual Revenue
$12.3 B2.56as on Dec 31, 2024
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Net Profit
$162.79 M425.91as on Dec 31, 2024
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EBITDA
$942.97 M24.87as on Dec 31, 2024
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Latest Funding Round
$1.5 B (USD), Debt – Conventional
Feb 01, 2017
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Investors
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Employee Count
32000
as on Dec 31, 2024
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Investments & Acquisitions
Byers Engineering
& 8 more
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IPO & Listings of MasTec
MasTec is a publicly listed company on the NYSE with ticker symbol MTZ in USA, operating in the Industrial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of MasTec
MasTec offers a comprehensive portfolio of products and services, including Infrastructure Construction, EPC Services, and Technology Deployment. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Engineering and building of energy and communication systems
End-to-end engineering, procurement, and construction for projects
Installation of IoT and technology devices for clients
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Leadership Team
30 people
Finance and Accounting
29 people
Operations Team
20 people
Senior Team
9 people
Project Team
8 people
Software Development Team
7 people
Construction Team
6 people
General Team
3 people
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Funding Insights of MasTec
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $1.5B
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First Round
First Round
(17 Nov 2009)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2017 | Amount | Debt – Conventional - MasTec | Valuation |
investors |
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| Nov, 2009 | Amount | Post-IPO - MasTec | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by MasTec
MasTec has strategically engaged in corporate development activities, having acquired 9 companies. Notable acquisitions include Byers Engineering, FNF Construction and Henkels & McCoy. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Heavy civil and renewable energy infrastructure construction services are provided.
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2011 | ||||
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Transformers are manufactured by Power Partners in the United States.
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2003 | ||||
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IT security and consulting services are provided to clients.
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1996 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - MasTec
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mastec Comparisons
Competitors of MasTec
MasTec operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Dominion Energy, Enel X, Lightsource BP, EDF Renewable Energy and PowerFlex, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Energy production and transportation are conducted by Dominion Energy.
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| domain | founded_year | HQ Location |
Utility-scale renewable energy projects are developed by Enel X.
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| domain | founded_year | HQ Location |
Solar energy projects are developed and operated by Lightsource BP.
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| domain | founded_year | HQ Location |
Solar and wind energy projects are developed and operated.
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| domain | founded_year | HQ Location |
Renewable energy project development services are provided by PowerFlex.
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| domain | founded_year | HQ Location |
Utility-scale and commercial solar projects are developed worldwide.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mastec
Frequently Asked Questions about MasTec
When was MasTec founded?
MasTec was founded in 1929 and raised its 1st funding round 80 years after it was founded.
Where is MasTec located?
MasTec is headquartered in Coral Gables, United States. It is registered at Coral Gables, Florida, United States.
Who is the current CEO of MasTec?
Jorge Mas is the current CEO of MasTec.
How many employees does MasTec have?
As of Dec 31, 2024, the latest employee count at MasTec is 32,000.
What is the annual revenue of MasTec?
Annual revenue of MasTec is $12.3B as on Dec 31, 2024.
What does MasTec do?
MasTec was founded in 1929 and is headquartered in Coral Gables, United States. Operations focus on the infrastructure construction sector, where electric power generation and transmission systems, oil and natural gas pipelines, renewable energy facilities, and wireless networks are designed and constructed. In 2022, annual revenues of 9.77 billion were recorded, alongside a net profit of 0.03 billion.
Who are the top competitors of MasTec?
MasTec's top competitors include Enel X, Lightsource BP and Dominion Energy.
What products or services does MasTec offer?
MasTec offers Infrastructure Construction, EPC Services, and Technology Deployment.
Is MasTec publicly traded?
Yes, MasTec is publicly traded on NYSE under the ticker symbol MTZ.
How many acquisitions has MasTec made?
MasTec has made 9 acquisitions, including Byers Engineering, FNF Construction, and Henkels & McCoy.
What is MasTec's ticker symbol?
The ticker symbol of MasTec is MTZ on NYSE.
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