Profile: MasTec Inc (MTZ)
24 May 2019
MasTec, Inc., incorporated on April 8, 1998, is an infrastructure construction company. The Company operates primarily across North America through a range of industries. The Company operates through five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other. Its primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility infrastructure, such as wireless, wireline/fiber, satellite communications and customer fulfillment activities; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; conventional and renewable power generation, and industrial infrastructure. The Company offered its services primarily under the MasTec service mark and had operations across 510 locations as of December 31, 2016. It provides services under master service and other service agreements, which are generally multi-year agreements. It offers its service offerings in markets, including wireless services; wireline/fiber; customer fulfillment; natural gas and petroleum pipeline infrastructure; power generation, including renewables; and electrical transmission.
The Communications segment performs engineering, construction and maintenance of communications infrastructure primarily related to wireless and wireline or fiber communications and install-to-the-home customers. The Company, through its Oil and Gas segment, performs engineering, construction and maintenance services on oil and natural gas pipelines, and processing facilities for the energy and utilities industries. The Electrical Transmission segment primarily serves the energy and utility industries through the engineering, construction and maintenance of electrical transmission lines and substations. The Power Generation and Industrial segment primarily serves energy, utility and other end markets through the installation and construction of conventional and renewable power facilities, related electrical transmission infrastructure, ethanol or biofuel facilities and various types of industrial infrastructure. The Other segment includes a proportionately consolidated non-controlled Canadian joint venture, equity method investments and other small business units that perform construction services in various international end-markets.
The Company builds infrastructure projects for customers across a range of industries. The Company specializes in building underground and overhead distribution systems, including trenches, conduits, cable and power lines, which provide wireless and wireline or fiber communications; natural gas, crude oil and refined product transport pipelines; electrical power generation, transmission and distribution systems; power generation infrastructure, including renewable energy; heavy industrial plants; and compressor and pump stations and treatment plants.
The Company installs electrical and other energy distribution and transmission systems, power generation facilities, buried and aerial fiber optic cables, coaxial cables, copper lines, satellite dishes, home security and home automation in a range of environments for its customers. In connection with its installation work, the Company deploys and manages network connections that involve its customers' hardware, software and network equipment. The Company offers maintenance and upgrade support to its customers. Its service offerings include the regular maintenance of its customers' distribution facilities, networks and infrastructure, including natural gas and petroleum pipeline, communications, electrical distribution and transmission and power generation infrastructure. The Company also provides emergency services for accidents or storm damage. Its upgrade work ranges from routine replacements and upgrades to overhauls.
The Company competes with Quanta Services, Inc., MYR Group, Inc., Dycom Industries, Inc., Pike Electric, Inc., Willbros Group, Jacobs Engineering Group Inc., Bechtel Corporation, D.H. Blattner & Sons, Inc., M.A. Mortenson Company, General Dynamics, Black & Veatch and Nexius.
800 S Douglas Rd Fl 12
CORAL GABLES FL 33134-3125