MasTec, Inc.: Leading North American Infrastructure Engineering and Construction
MasTec, Inc. is a premier American infrastructure engineering and construction firm headquartered in Coral Gables, Florida. The company specializes in the comprehensive lifecycle of critical infrastructure, providing engineering, building, installation, maintenance, and upgrades for the energy, utility, and communications sectors. Serving a diverse client base that includes government agencies and private utility companies, MasTec has established itself as a cornerstone of North American industrial development.
Founded in March 1994 by Jorge Mas Canosa, the company has grown into the second largest Hispanic-owned company in the United States. Today, under the leadership of CEO Jose Mas, MasTec employs approximately 32,000 people across North America, delivering complex projects that power and connect millions.
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Key Facts
- Founded: March 11, 1994, by Jorge Mas Canosa.
- Headquarters: Coral Gables, Florida, U.S.
- Financials (2024): US$ 12.303 billion in revenue and US$ 199.4 million in net income.
- Workforce: 32,000 employees as of 2024.
- Public Listing: Traded on the NYSE under the symbol MTZ and is an S&P 400 Component.
- Core Services: Energy, utility, and communications infrastructure.
The Evolution of MasTec: From Local Roots to Industrial Giant
The Legacy of Burnup & Sims
The foundations of MasTec trace back to the early 20th century with Burnup & Sims. Established in 1929 by Russell Burnup and Riley V. Sims, the firm began as a small operation in West Palm Beach, Florida, providing design and maintenance for telephone and utility industries. By 1937, the company secured its first major telecommunications project at Cape Canaveral, burying 85 miles of cable.
During World War II, Burnup & Sims supported national defense by constructing airfields and telephone systems. Post-war, the company expanded internationally, laying underwater cables from Florida to Puerto Rico and Barbados for giants like AT&T, and building radio towers across Costa Rica, Trinidad-Tobago, and Venezuela.
The Rise of Church & Tower
In 1968, Church & Tower incorporated in Miami, Florida, focusing on telephone networks in Miami and Puerto Rico. When the company faced financial instability, Cuban immigrant Jorge Mas Canosa stepped in in 1969 to manage the business. Through a hands-on approach—studying construction methods in trenches and manholes—Mas Canosa revitalized the company. By 1971, he acquired full ownership of the firm.
The Formation of MasTec
On March 11, 1994, the Church & Tower Group acquired 65% of the publicly traded Burnup & Sims, Inc., merging the two entities to form MasTec, Inc. Jorge Mas Canosa became chairman, and his son, Jorge Mas, was appointed president and CEO. The company subsequently listed on the New York Stock Exchange in 1998.
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Core Industries and Specialized Services
Renewable Energy and Electric Power
MasTec is a major player in the transition to sustainable energy. Through its subsidiary Wanzek Construction, the company builds wind farms and solar facilities. Notable projects include the Taloga Wind Farm in Oklahoma and the Willows Solar Project in California. Additionally, MasTec Power Corp. provides Engineering, Procurement, and Construction (EPC) management—a comprehensive delivery method where one firm handles the entire project from design to completion.
In the electric power sector, MasTec constructs high-voltage transmission systems, substations, and switchyards, ensuring the stability and efficiency of the power grid.
Oil, Natural Gas, and Water Infrastructure
The company builds critical pipelines for crude oil and natural gas, along with the necessary pumping and compressor stations. In the water sector, MasTec develops water and wastewater pipelines for municipalities across Florida and the Caribbean.
Communications and Broadband
Returning to its roots, MasTec remains a leader in communications. The company constructs radio towers for mobile carriers and installs fiber optic cables for broadband expansion. Through MasTec Advanced Technologies, it also provides residential installations for services like DirecTV and AT&T Digital Life.
Major Project Highlights
| Project Name | Location | Key Details |
|---|---|---|
| Ruby Pipeline | Wyoming to Oregon | 680-mile natural gas pipeline; 42-inch diameter. |
| Puerto Rico Grid Rebuild | Puerto Rico | $500M contract to modernize grid after Hurricane Maria. |
| Taloga Wind Farm | Oklahoma | 54 turbines producing approx. 324GW.h annually. |
| Craw-Kan Line | Kansas | Installation of 962 miles of transmission line. |
| Willows Solar Facility | California | 380kv system powering a wastewater treatment plant. |
Frequently Asked Questions
Who currently leads MasTec, Inc.?
Jose Mas serves as the Chief Executive Officer (CEO), having been appointed to the role in 2007. Jorge Mas serves as the Chairman of the Board.
What are the primary industries MasTec serves?
MasTec operates across several critical sectors, including renewable energy, electric power transmission, oil and natural gas pipelines, water and sewer infrastructure, and wireless/wireline communications.
Is MasTec a publicly traded company?
Yes, MasTec is listed on the New York Stock Exchange (NYSE) under the ticker symbol MTZ and is a component of the S&P 400 index.
What is the significance of the Ruby Pipeline project?
The Ruby Pipeline is a massive 680-mile natural gas pipeline stretching from Wyoming to Oregon. MasTec and its subsidiary, Precision Pipeline, were responsible for significant portions of the construction, utilizing automatic welding processes for 256 miles of the pipe.
How does MasTec contribute to renewable energy?
Through subsidiaries like Wanzek Construction and MasTec Power Corp., the company designs and builds wind farms, solar energy facilities, and power plants across the United States.