Profile: MasTec, Inc. (MTZ)

MasTec, Inc. (MasTec) is a specialty contractor operating mainly throughout the United States and Canada, and across a range of industries. The Company’s principal activities include building, installation, maintenance and upgrade of utility and communications infrastructure. MasTec’s primary customers in various industries include utilities (including wind farms and other renewable energy, natural gas gathering systems and pipeline infrastructure), communications (including telephony, satellite television and cable television) and government (including water and sewer, utilities and communications work on military bases). In May 2008, it acquired Pumpco, Inc., a mid-stream natural gas pipeline construction company. In July 2008, MasTec acquired certain assets of Nsoro, LLC, which specializes in wireless network design, construction, upgrade and maintenance. In December 2008, it acquired Wanzek Construction, Inc. In November 2009, the Company completed the acquisition of Precision Pipeline, LLC.

It offers services to a diversified customer base, including DIRECTV, AT&T, Verizon, Tetra Tech, Energy Transfer Company, EMBARQ, Progress Energy, Qwest and XTO Energy. The Company builds wind farms, underground and overhead distribution systems, such as trenches, conduits, cable, power lines and pipelines, which provide wireless and wireline communications, electrical power generation and delivery, and natural gas transport. MasTec installs buried and aerial fiber optic cables, coaxial cables, copper lines, electrical and other energy distribution systems, transmission systems and satellite dishes in a variety of environments for its customers.

In connection with its installation work, the Company deploys and manages network connections that involve its customer’s hardware, software and network equipment. The Company offers around-the-clock maintenance and upgrade support to its customers. The Company’s service offerings include the regular maintenance of its customer’s distribution facilities and networks, as well as emergency services for accidents or storm damage. The Company’s upgrade work ranges from routine replacements and upgrades to major network overhauls.

The Company competes with Quanta Services, Inc., Pike Electric, Inc., M.A. Mortenson Company, D.H. Blattner & Sons, Inc. and Dycom Industries, Inc.