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
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.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
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Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
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