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02.03.26 - 17:03
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Boyne Capital Announces the Sale of McKee Utility to MasTec (PR Newswire)
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MIAMI, March 2, 2026 /PRNewswire/ -- Boyne Capital ("Boyne"), a Miami, FL based private equity firm focused on lower middle market companies, announced today the sale of its portfolio company, McKee Utility Contractors, LLC ("McKee" or the "Company") to Mastec, Inc. ("MasTec") at an......
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26.02.26 - 22:21
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MasTec Reports Fourth Quarter and Full Year 2025 Financial Results and Provides Initial 2026 Guidance (Business Wire)
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Fourth Quarter 2025 Highlights
Record fourth quarter revenue of $3.9 billion, increased 16% year-over-year
Record 18-month backlog of $19.0 billion, increased $2.2 billion or 13% sequentially from the third quarter of 2025
Diluted EPS of $1.81 and Adjusted Diluted EPS of $2.07, increased 92% and 44% year-over-year, respectively
GAAP Net Income of $153.1 million and Adjusted EBITDA of $338.2 million, increased by 81% and 25% year-over-year, respectively
Full Year 2025 Highlights
Record full year revenue of $14.3 billion, increased 16% year-over-year, and exceeded guidance expectations
Record 18-month backlog of $19.0 billion, increased $4.7 billion or 33% year-over-year
Diluted EPS of $5.07 and Adjusted Diluted EPS of $6.55, increased 146% and 66% year-over-year, respectively, and exceeded guidance expectations
GAAP Net Income of $422.0 million and Adjusted EBITDA of $1.2 billion, both full year records, increased by 112% and 14% year-over-year, respectively, and exceeded guidance expectations
CORAL GABLES...
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24.02.26 - 12:36
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Gridco Announces Strategic Growth Investment from BayHawk Capital (Business Wire)
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BIRMINGHAM, Ala.--(BUSINESS WIRE)--Gridco (the “Company”), a leading provider of maintenance, upgrade, and construction services to electric utilities, has received a strategic growth investment from BayHawk Capital (“BayHawk”), a premier private equity firm focused on investing in founder-owned essential services and technology businesses. The partnership will fuel both organic growth and strategic acquisitions while strengthening Gridco's capacity to serve utility clients and expand opportunities for its workforce. BayHawk's investment was made in partnership with Gridco's founding management team, who remain the majority shareholders and will continue to lead the business. Alongside Gridco's founders and BayHawk, Jeffrey Schmidt, a former MasTec and Quanta executive, will be joining the Company's board of directors.
Founded in 2023 by Brad Weaver and Patrick Russo, with Trent Weaver joining the founding team in 2024, Gridco is a leading provider of distribution, transmission, and substatio...
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18.02.26 - 18:12
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MasTec Schedules Fourth Quarter and Full Year 2025 Earnings Conference Call (Business Wire)
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CORAL GABLES, Fla.--(BUSINESS WIRE)--MasTec, Inc. (NYSE: MTZ) will release its fourth quarter and full year financial results on Thursday, February 26, 2026 after the market close. In addition, MasTec's senior management will host a webcast to review these results on Friday, February 27, 2026, at 9:00 a.m. ET.
The event will be broadcast live and can be accessed through the MasTec Investor Relations website here and at www.mastec.com/investors/. A replay link, along with the earnings release and supporting materials, will also be posted to the website.
About MasTec: MasTec, Inc. is a leading North American infrastructure engineering and construction company operating across a range of end markets. MasTec's primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility and other infrastructure, such as: power delivery services, including transmission and distribution, wireless, wireline/fiber and customer fulfillment activities; power gen...
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