What did MasTec, Inc. pay for Henkels & McCoy Group, Inc.?

MasTec, Inc. acquired Henkels & McCoy Group, Inc. for $600.0M in 2021. Target revenue was approximately $1500.0M. Target EBITDA was approximately $70.0M.

M&A TRANSACTION · 2021

Henkels & McCoy Group, Inc. acquired by MasTec, Inc.

$600.0M· Electrical

Target

Henkels & McCoy Group, Inc.

Blue Bell, PA

One of the largest US private electrical power transmission and distribution utility services firms. 5th largest US utility contractor per 2021 ENR ranking. Founded 1923.

Henkels & McCoy Group, Inc. acquisition profile →

Acquirer

MasTec, Inc.

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$1500.0M

EBITDA

$70.0M

Deal Value

$600.0M

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Context

This $600.0M acquisition of Henkels & McCoy Group, Inc. by MasTec, Inc. sits in the electrical sub-vertical. Run a valuation for your own electrical business via our Electrical valuation hub. MasTec, Inc. is acquiring as a strategic buyer; see how strategic acquirers typically price electrical businesses on our Electrical strategic buyer-pool page.

Source

Data sourced from Engineering News-Record / MasTec press release - primary source. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology

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