MasTec
This article needs additional citations for verification. (July 2023) |
US$ 4.208 billion (2015)[1] | |
US$ -79.11 million (2015) | |
Total assets | US$ 2.94 billion (2015) |
Number of employees | 17,300[2] (2017) |
Website | mastec.com |
Mastec, Inc. is an American multinational infrastructure engineering and construction company based in Coral Gables, Florida. The company provides engineering, building, installation, maintenance and upgrade of energy, utility and communications infrastructure. Its customers are primarily in the utility, communications and government industries.[3]
The company was founded in March 1994 by
History
Early 1900s: Beginning as Burnup & Sims
The company was formed by the merger of two separate companies: Burnup & Sims and Church & Tower. Burnup & Sims was the oldest of the two founding companies and was founded in 1929 by two unemployed carpenters, Russell Burnup and Riley V. Sims, to provide design, construction, and maintenance services to the telephone and utilities industries. During the years of the Great Depression, the two established an office in West Palm Beach, Florida, and by 1936, had a small fleet of trucks and staff. The company's first telecommunications projects were undertaken the following year at Cape Canaveral, where it was responsible for burying 85 miles of cable.[5]
B&S contributed to national defense during World War II by building airfields and telephone systems. After the war, the company became involved in the laying of underwater cable from Florida to Puerto Rico, and from there to Barbados, for such companies as AT&T and General Telephone. Projects then took on a greater geographical scope, as B&S established underground telecommunications systems and built radio towers in Costa Rica, Barbados, Trinidad-Tobago, and Venezuela.[6]
1960s: Church & Tower is formed
Founded in
1990s: Founding of MasTec
On March 11, 1994, Church & Tower Group acquired 65 percent of the outstanding common stock of publicly traded Burnup & Sims, Inc. The name of Burnup & Sims was changed to MasTec, Inc., Jorge Mas Canosa became MasTec's chairman and his son, Jorge Mas, was named president and chief executive officer. Mastec was now regarded as a “minority business enterprise,” publicly traded on
21st century
In April 2007, Jose Mas became
Executives
Jose Mas is the CEO of MasTec. He was appointed in 2007.[10]
Robert Apple has been
C. Robert Campbell has been Executive Vice President and
Alberto de Cardenas is Executive Vice President and General Counsel; he has been responsible for all of MasTec's corporate and operational legal matters and corporate secretary matters since 2005.[13]
Industries
Renewable energy
In the
Electric power
In the Electric Power Industry, MasTec is a contractor that builds and maintains high voltage electric power transmission systems, sub stations and switch yards, and distribution systems. Through their subsidiaries Wanzek Construction and MasTec Power Corp., MasTec is capable of providing design-build, EPC, and construction services for a variety of clients in the utility and private power producing markets.
Oil and natural gas
MasTec builds
Water and sewer
In the water distribution and waste industry, MasTec builds water and waste water pipelines for municipalities throughout Florida and the Caribbean Islands.
Communications
MasTec's original line of business was in the communications industry, constructing transmission lines and digging trenches for companies such as
Subsidiaries
Under the name MasTec, the company provides construction services to communications utilities, and oil and natural gas companies and utilities. It has several subsidiaries that provide infrastructure construction services, including:[15]
- A-1 Excavating: Construction company specializing in road and sewer work.
- A-1 Trucking: Wisconsin based trucking company.
- A-1 Power: Specializes in installing underground buried utilities.
- 3 Phase Line: Construction and maintenance of electric transmission and distribution systems and facilities.
- EC Source: Engineering and construction of major electric transmission and distribution systems.
- Fabcor: Construction of oil and natural gas pipelines and facilities in Canada.
- GlobeTec: Construction of water and waster water pipelines and treatment facilities, as well as civil construction for roadways and waterways.
- nsoro MasTec: Engineering and construction of wireless networks and facilities.
- MasTec Network Solutions, LLC: Engineering and construction of wireless networks and facilities.
- MasTec Power Corp: Engineering, procurement and construction (EPC) of power generation facilities.
- Power Partners: Engineering and construction of solar facilities and electric transmission systems.
- Precision Pipeline: Engineering and construction of oil and natural gas pipelines and facilities.
- Pumpco: Engineering and construction of oil and natural gas pipelines and facilities.
- Wanzek Construction: Engineering and construction of wind farms and power generation facilities.
- MasTec-Quadgen Wireless LLP, an Indian subsidiary company of MasTec Inc, USA
- Byers Engineer Headquartered in Atlanta, Byers has 1,000 employees deployed in providing outside and inside plant design, planning, project management, inspection, and right of way acquisition services, both wireline and wireless, for RBOCs, ILECs, CLECs, IXCs, utilities, cable television companies, and commercial organizations throughout the United States. Byers also provides AM/FM/GIS software, data conversion, mapping and records services.
Project Examples
Craw-Kan Telephone Line
The Craw-Kan Telephone Line is in southeast Kansas. MasTec installed 962 miles of transmission line.[16]
North Valley Transmission Line
The North Valley Transmission Line is a 500/250 high voltage transmission line in Pinnacle Peak, Arizona. The services they provided included setting foundations, erecting steel poles, and installing conductor wire.[17]
Puerto Rico power grid rebuild
In June 2018, MasTec was awarded a $500M one-year contract for the restoration, reconstruction and modernization of Puerto Rico's still-vulnerable power grid, damaged in September 2017 by the powerful Hurricane Maria.[18]
Ruby Pipeline
The Ruby Pipeline is a 42-inch (1,100 mm) natural gas pipeline running from Opal, Wyoming, to Malin, Oregon. The route crosses Northern Utah, and Northern Nevada.[19] Ruby Pipeline, L.L.C. filed an application with the Federal Energy Regulatory Commission (FERC) on January 27, 2009, authorizing the construction and operation of the Ruby Pipeline Project. On April 5, 2010, the FERC approved the application. Construction began on July 31, 2010, and the pipeline was placed in service on July 28, 2011. The pipe is 680 miles (1,090 km) long and is expected to output 1.5 billion cubic feet per day (42×106 m3/d). MasTec, and its subsidiary Precision Pipeline, was awarded spreads 4 and 5 of the Ruby Pipeline Project, including the fabrication of mainline valves, launchers and receivers and associated foundations in the spring of 2010. An automatic welding process was used to install the 256 miles of 42" pipeline.[20]
Taloga Wind Farm
The Taloga Wind Farm was constructed in 2011 and is located near Putnam, Oklahoma. The project produces an estimated 324GW.h of power annually [21] and consists of 54 Mitsubishi MWT95 2.4MW turbines and over 20 miles of transmission line. During construction, MasTec employees volunteered their time and efforts to clean up a nearby lake. Thirty-seven MasTec employees walked the 63 mile shoreline surrounding Foss Lake and removed eight large dumpsters of trash.[22]
Willows Solar Power Facility
MasTec completed the Willows, California, solar power facility in May 2011. The 380kv system consists of 58 Dual Axis trackers with 24 PV Modules mounted to each tracker. The system will provide power to the city's waste water treatment plant.[23]
References
- ^ "Summary Financials". MasTec. 2012. Retrieved September 6, 2012.
- ^ "MasTec". Fortune. Retrieved December 28, 2018.
- ^ "Stock Portfolio & Tracker - Yahoo Finance". Daily Finance. Retrieved April 29, 2012.
- ^ "Hispanic Business 500". Archived from the original on February 22, 2014. Retrieved September 6, 2012.
- ^ "Funding Universe". Retrieved September 9, 2012.
- ^ a b "Encyclopedia Online". Retrieved September 9, 2012.
- ^ "Church & Tower". www.churchandtower.com. Retrieved June 26, 2019.
- ^ "Business Review". Archived from the original on January 18, 2013. Retrieved April 29, 2012.
- ^ "American National Biography". Retrieved April 29, 2012.
- ^ a b "Jose R. Mas". people.forbes.com. Archived from the original on April 11, 2009.
- ^ "MTZ: MasTec Inc Stock Price Quote - New York - Bloomberg". Business Week. Archived from the original on January 18, 2013. Retrieved April 29, 2012.
- ^ "SEC Filings for Year Ending December 31, 2011". Retrieved April 29, 2012.
- ^ "MasTec, Inc". Retrieved April 29, 2012.
- ^ "MasTec, Inc". Retrieved September 20, 2012.
- ^ "MasTec, Inc". Retrieved September 20, 2012.
- ^ "MasTec, Inc". Retrieved September 20, 2012.
- ^ "MasTec, Inc". Retrieved September 20, 2012.
- ^ Walton, Robert. "Puerto Rico's utility signs $500M recovery contract with MasTec". Utility Dive. Retrieved June 14, 2018.
- ^ "Ruby Pipeline". Archived from the original on August 16, 2010. Retrieved September 20, 2012.
- ^ "MasTec, Inc". Retrieved September 20, 2012.
- ^ "The Wind Power Database". Retrieved October 27, 2012.
- ^ "MasTec, Inc". Retrieved October 27, 2012.
- ^ "MasTec, Inc". Retrieved October 27, 2012.