MasTec Acquires INTREN from One Equity Partners for $420M
May 6, 2021
MasTec, Inc. has acquired INTREN, LLC from One Equity Partners for $420 million, including a contingent earnout through year-end 2021. Headquartered in Union, Illinois, INTREN operates as a specialty utilities contractor with approximately 2,000 employees across 14 states and trailing twelve months revenue of about $550 million; MasTec will retain INTREN's brand and integrate its utility distribution capabilities into its infrastructure services.
- Buyers
- MasTec, Inc.
- Targets
- INTREN, LLC
- Sellers
- One Equity Partners, Loretta Rosenmayer
- Industry
- Infrastructure
- Location
- Illinois, United States
- Transaction Type
- Buyout
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