MasTec
 |
|
| Public | |
| Traded as | : MTZ |
| Industry |
Heavy construction Engineering Project Management |
| Founded | March 11, 1994 |
| Headquarters | Coral Gables, Florida, U.S. |
|
Area served
|
North America |
|
Key people
|
Jose Mas, CEO |
| Products | Oil and natural gas pipelines, electricity generation, transmission and distribution, renewable energy, wireless and wireline communications, broadband |
| Revenue |
 US$ 4.208 billion (2015) |
|
US$ -79.11 million (2015) |
|
| Total assets |
US$ 2.94 billion (2015) |
|
Number of employees
|
20,100 (2016) |
| Website | www.mastec.com |
Mastec, Inc. is an American multinational infrastructure engineering and construction company based in Coral Gables, Florida. Limited to the engineering, building, installation, maintenance and upgrade of energy, utility and communications infrastructure, including electrical utility transmission and distribution, power generation, natural gas and petroleum pipelines, wireless, wireline and satellite communications, wind farms, solar farms and other renewable energy, industrial infrastructure and water and sewer systems. Its customers are primarily in the utility, communications and government industries. The company's core services are the engineering, building, installing, maintaining and upgrading of infrastructures.
The company was founded by Jorge Mas Canosa, father of current CEO Jose Mas, and it was listed on the NYSE in 1998. MasTec, Inc. is the second largest Hispanic-owned company in the United States, and has over 20,000 employees in North America.
The company was formed by the merger of two separate companies: Burnup & Sims and Church & Tower. Burnup & Sims was the oldest of the two founding companies and was founded in 1929 by two unemployed carpenters, Russell Burnup and Riley V. Sims, to provide design, construction, and maintenance services to the telephone and utilities industries. During the years of the Great Depression, the two established an office in West Palm Beach, Florida, and by 1936 had a small fleet of trucks and staff. The company’s first telecommunications projects were undertaken the following year at Cape Canaveral, where it was responsible for burying 85 miles of cable.
B&S contributed to national defense during World War II by building airfields and telephone systems. After the war, the company became involved in the laying of underwater cable from Florida to Puerto Rico, and from there to Barbados, for such companies as AT&T and General Telephone. Projects then took on a greater geographical scope, as B&S established underground telecommunications systems and built radio towers in Costa Rica, Barbados, Trinidad-Tobago, and Venezuela.
Founded in Cuba, Church & Tower incorporated in Miami, Florida in 1968 to construct and service telephone networks in Puerto Rico and Miami. When it overextended itself in Puerto Rico and could not build the telephone-infrastructure networks needed in Miami, the company’s owner asked his friend, Cuban immigrant Jorge Mas Canosa, to help save the business. In exchange for half ownership of CTF, Mas Canosa began to manage the company in 1969. Eager to improve the business, Mas Canosa climbed down into ditches, manholes, and trenches to observe workers’ construction methods. He listened to advice from telephone-company and government inspectors; he studied books about the most efficient and newest construction methods. As a result of these learning experiences, he transformed CTF into a fast-track, cost-effective construction program that won recognition for consistent professionalism and commitment to excellence. BellSouth Telecommunications, Inc. awarded Church & Tower a long-term contract for projects in the greater Miami and Fort Lauderdale areas. By 1971 Mas Canosa had turned the failing company around; he then borrowed $50,000 and bought the remaining shares of the firm.
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Wikipedia