Florida-based specialty contractor giant MasTec Inc. has agreed to acquire electrical power transmission and distribution utility services firm Henkels & McCoy in a $600-million deal. During a conference call to investors, CEO Jose Mas said the acquisition is the largest in company history and comes at the “right time” to continue expanding its non-oil and gas pipeline services.

According to Mas, MasTec’s power transmission and distribution business is expected to account for about 25% of its 2022 revenue after the transaction, with its fossil fuel pipeline and related segment making up just under 20%.

Mastecranked third on ENR’s 2021 Top 600 Specialty Contractors list, reporting $6.3 billion in 2020 revenue.

“This transaction will double our transmission and distribution resources, expanding our presence in the Northeast markets and the Northwest, where MasTec has traditionally been underrepresented,” Mas said. “More importantly, we are adding significant additional crew and equipment resource capacity.” MasTec will gain 5,100 employees from Henkels & McCoy.

瑞士信贷（Credit Suisse）的主要建筑部门分析师杰米·库克（Jamie Cook）表示，购买“将MASTEC的投资组合重新定位为提供潜在的世俗增长机会的市场”，他认为这将有助于推动其“在2022年实现其100亿美元的收入目标。”

Earlier this year, MasTec acquired energy infrastructure company Intren LLC, in a deal that expanded the company's electrical distribution operations.

国际在一份声明中,j·马克•刘易斯副新利luck主持nt of investor relations, noted end markets, which currently include power delivery services (electric/ gas T&D), clean energy and infrastructure, telecommunications and pipeline services.

刘易斯说，“较低的生产，供应链和政府允许问题”的结合减缓了该公司在2022年的预期管道服务。与此同时，随着MASTEC客户过渡到可再生发电和现代化，能源过渡增加了对公司的传输和分销服务的需求。电网，“提供Mastec强大的合并增长潜力”。

Henkels＆McCoy在ENR排名前600名中排名第14位，去年新利luck报告收入16.5亿美元。概述了与MASTEC的交易协议，该公司的2022年业绩估计相当于其预计的2021收入，为15亿美元，调整后的EBITDA为7,000万美元。

据Mastec称，据报道，这些数字反映了该公司的性能低下的通信和管道服务业务细分市场，这些领域“预计会随着时间的推移有所改善”。亨克尔的与MASTEC打交道还包括偿还其债务和200万股MASTEC普通股。

"As a third generation, family-owned company, we carefully evaluated multiple alternatives for our operations," said Henkels & McCoy Chairman and CEO Rod Henkels in a statement, noting the deal was based on "strong cultural fit" and "significant strategic growth opportunities."

交易完成后，这些公司没有在Mastec内披露其公司头衔，但表示该公司将成为全资子公司/..

Kevin Gausch, director of lean construction at Henkels & McCoy previously told ENR that the company's investment in technology has been a "game-changer" for its collaborative operations.他解释说：“目标是通过连续的反馈循环和过程改进来提高我们的计划可靠性和在整个项目中提高效率。”

Henkels & McCoy wasrecently orderedto provide 362 current and former workers in five states about $1.1 million in back pay and damages for allegedly not paying required overtime wages, according to a lawsuit filed in 2020 by the U.S. Dept.of Labor.