MasTec, Inc. Acquires Henkels & McCoy Group Inc.
December 20, 2021
MasTec, Inc. (NYSE: MTZ) agreed to acquire Henkels & McCoy Group Inc., a leading U.S. utility power transmission and distribution contractor, for total consideration of $600 million (approximately $420 million cash plus ~2 million shares of MasTec common stock). The acquisition, which adds roughly 5,100 employees and $1.5 billion of 2021 revenue, expands MasTec's footprint and capabilities in the electric utility services market to support grid modernization and renewable energy buildout.
- Buyers
- MasTec, Inc.
- Targets
- Henkels & McCoy Group Inc.
- Sellers
- Henkels & McCoy shareholders, Rod Henkels, Paul Henkels
- Industry
- Construction
- Location
- Pennsylvania, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
MasTec Acquires The Superior Group (Electrical Specialists, Inc.)
July 9, 2026
IT Services
MasTec entered into a definitive agreement to acquire Electrical Specialists, Inc., doing business as The Superior Group, in a transaction valued at approximately $1.65 billion (about $475 million in MasTec stock and $1.175 billion in cash), subject to customary adjustments and a potential earnout. MasTec completed the acquisition later in July 2026, and Superior will operate as a new operating group with results reflected in MasTec’s Power Delivery segment.
-
McCarthy Tire Service Acquires Henise Tire Service Commercial Fleet Operations
March 10, 2026
Industrial Services
McCarthy Tire Service acquired the commercial fleet truck tire sales, shop services, and Bandag retreading operations of Henise Tire Service, effective March 9, 2026. Henise will continue to independently own and operate its wholesale and retail consumer tire businesses at its current locations (except Bensalem, Pennsylvania).
-
MasTec Acquires McKee Utility Contractors From Boyne Capital
March 5, 2026
Industrial Services
Boyne Capital announced the sale of its portfolio company, McKee Utility Contractors, LLC (“McKee”), to MasTec, Inc. at an enterprise value of $276 million. McKee is a family-operated infrastructure services provider focused on large-diameter water and wastewater transmission pipeline projects.
-
The Grote Company Family of Brands Acquires McCabe's Mechanical Services
July 31, 2025
Industrial Services
The Grote Company Family of Brands acquired McCabe's Mechanical Services of Georgetown, Delaware, effective July 31, 2025. The deal expands Grote's mechanical and millwright capabilities and geographic reach into the Northeast U.S., particularly to support meat and poultry customers; McCabe's facility, team, and leader Allen McCabe will remain.
-
Tecta America Acquires Mahaney Group
August 15, 2022
Construction
Tecta America, the national commercial roofing leader, has acquired Mahaney Group, a Wichita, Kansas-based commercial roofing, sheet metal and structural steel services provider. The Mahaney management team, led by Mark Bolt, will remain in place and the operation will be known as Mahaney, a Tecta America Company.
-
MasTec Acquires INTREN from One Equity Partners for $420M
May 6, 2021
Infrastructure
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.
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.