MasTec, Inc.: A Leader in North American Infrastructure Engineering
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 business in the United States. Today, it operates as a public entity traded on the New York Stock Exchange (NYSE: MTZ) and is a component of the S&P 400.
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Key Facts
- Headquarters: Coral Gables, Florida, U.S.
- Founded: March 11, 1994
- 2024 Revenue: US$ 12.303 billion
- Workforce: 32,000 employees (2024)
- Key Leadership: Jose Mas (CEO)
- Primary Markets: North America
- Core Services: Energy, communications, and utility infrastructure
The Evolution of MasTec
The Roots: Burnup & Sims
The foundations of MasTec trace back to the early 20th century with Burnup & Sims, founded in 1929 by Russell Burnup and Riley V. Sims. Starting as a small operation in West Palm Beach, Florida, the firm initially provided design and maintenance for the telephone and utilities industries. Their first major telecommunications milestone occurred in 1937 at Cape Canaveral, where they buried 85 miles of cable. During World War II, the company supported national defense by constructing airfields and telephone systems, later expanding into international underwater cable projects connecting Florida to Puerto Rico and Barbados.
The Rise of Church & Tower
In 1968, Church & Tower was incorporated in Miami, Florida, focusing on telephone networks in Miami and Puerto Rico. After the company faced financial difficulties, Jorge Mas Canosa joined in 1969 to manage the business. Through a rigorous approach to studying construction methods and improving operational efficiency, Mas Canosa turned the company around, eventually acquiring full ownership. Under his leadership, the firm secured vital long-term contracts with BellSouth Telecommunications, Inc.
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 served as chairman, while his son, Jorge Mas, became president and CEO. The company transitioned to the NASDAQ before eventually listing on the New York Stock Exchange. In 2007, Jose Mas assumed the role of CEO, steering the company toward the multi-billion dollar enterprise it is today.
Core Industries and Specializations
Renewable Energy and Electric Power
MasTec is a major contractor for the transition to clean 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)—a full-service delivery model—for power plants and high-voltage transmission systems, including substations and switchyards.
Oil, Natural Gas, and Water Infrastructure
The company possesses deep expertise in the midstream sector, constructing pipelines for crude oil and natural gas, as well as the necessary pumping and compressor stations. Beyond energy, MasTec supports municipal infrastructure by building water and wastewater pipelines across Florida and the Caribbean.
Communications and Broadband
Returning to its original roots, MasTec is a leader in modern communications. The company constructs radio towers for mobile carriers and performs the trenching required for fiber optic cables. Through MasTec Advanced Technologies, the firm is one of the largest providers of residential security systems for AT&T Digital Life and in-home installations for DirecTV.
Major Project Highlights
| Project Name | Location | Scope of Work |
|---|---|---|
| Ruby Pipeline | Wyoming to Oregon | Installation of 256 miles of 42-inch natural gas pipeline using automatic welding. |
| Puerto Rico Power Grid | Puerto Rico | $500M contract for restoration and modernization following Hurricane Maria. |
| Taloga Wind Farm | Oklahoma | Installation of 54 turbines and 20+ miles of transmission line. |
| Craw-Kan Line | Kansas | Installation of 962 miles of telephone transmission line. |
| North Valley Line | Arizona | Construction of 500/250 high voltage transmission line. |
Frequently Asked Questions
Who owns MasTec, Inc.?
MasTec is a publicly traded company (NYSE: MTZ), with Jorge and Jose Mas holding a 21% ownership stake.
What are the primary services offered by MasTec?
MasTec provides engineering, construction, installation, and maintenance for energy (oil, gas, renewable), electric power transmission, and communications infrastructure (wireless and broadband).
How many employees does MasTec have?
As of 2024, MasTec employs approximately 32,000 people across North America.
What is the significance of the Ruby Pipeline project?
The Ruby Pipeline is a 680-mile natural gas pipeline. MasTec and its subsidiary Precision Pipeline were responsible for specific spreads of the project, including the fabrication of mainline valves and the installation of 256 miles of pipe.
Which subsidiaries operate under the MasTec brand?
MasTec operates through various brands, including Wanzek, Power Partners, Precision Pipeline, Pumpco, nsoro, and MasTec Advanced Technologies, among others.