Mastec Completes Previously Announced Acquisition Of Henkels & Mccoy Group, Inc.

Dec 30, 2021•over 3 years ago

Acquiring Company

MASTEC INC

Acquired Company

Henkels & McCoy Group

Coral Gables

Description

MasTec, Inc. (NYSE: MTZ) today announced today that it has closed its previously announced acquisition of Henkels & McCoy Group, Inc. ("Henkels"), the 5th largest U.S. utility contractor in the recent 2021 Engineering News-Record ranking, in a cash and stock transaction valued at approximately $600 million.

Company Information

Company

MASTEC INC

Location

800 S. DOUGLAS ROAD

Coral Gables, Florida, United States

About

Leading specialty contractor engineers, designs and constructs infrastructures for electric power generation and transmission, oil and natural gas pipelines, renewable energy facilities and wireless networks.

M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed

Mastec Completes Previously Announced Acquisition Of Henkels & Mccoy Group, Inc.

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Mastec Completes Previously Announced Acquisition Of Henkels & Mccoy Group, Inc.

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