The replay will be available for 30 days. The Financings allow the Mas Brothers to retain an interest in a possible increase in the shares' value over the three-year term and provide protection against a potential decline in value of MasTec shares during that same period. CORAL GABLES, Fla., Nov. 19, 2019 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that Jorge Mas, Chairman, and Jose Mas, Chief … Jose Mas, MasTec's Chief Executive Officer, commented, "We are very excited about the geographic expansion, increased market penetration and skilled employee base that WesTower adds to our existing wireless operations. MasTec is a good company to work for if you are looking for a second chance. Third quarter 2019 revenue was $2.02 billion, compared with $1.98 billion for the same period last year. MasTec is a good company to work for if you are looking for a second chance. … This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act. About Mike McRitchie. MasTec, Inc.’s MTZ Precision Pipeline, LLC or PPL unit has received a contract for the Keystone XL Pipeline construction in Montana and South Dakota. MasTec's first-quarter results lived up to high expectations. MasTec, Inc. (NYSE: MTZ) today announced strong 2019 fourth quarter and full year financial results and issued its initial 2020 guidance expectation. In the transaction, MasTec acquired all of the issued and outstanding equity interests of WesTower for a one-time payment of approximately $199 million in cash, subject to … CORAL GABLES, Fla., Oct. 20, 2014 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that it has acquired WesTower Communications, Inc.  ("WesTower"), a U.S. subsidiary of Exchange Income Corporation (TSX:EIF). For our upcoming fourth quarter, we anticipate that this transaction, exclusive of merger integration costs, and due to WesTower's seasonally lower fourth quarter revenue expectations, will be approximately $0.01-$0.03 dilutive to diluted earnings per share". MasTec Network Solutions Project Manager, Site Acquisition Reviews. Pensare Acquisition Corp. is a special purpose acquisition company that went public on Nasdaq in July 2017 and was formed for the purpose of effecting a merger, acquisition … Jorge Mas, MasTec's Chairman noted, "MasTec is our family's legacy. We are in a unique position to improve WesTower's post-acquisition operating results and working capital efficiency, and expect to expand margins, reduce working capital requirements and grow the combined business with multiple customers.". When you upgrade to Crunchbase Pro, you can access unlimited search results, save to custom lists or to Salesforce, and get notified when new companies, people, or deals meet your search criteria. Safety is a mindset and an attitude that all MasTec employees carry with them on a daily basis. Karen Douglass Site Acquisition Manager CRAN at MasTec Network Solutions Maylene, Alabama Telecommunications The Financings allow the Mas Brothers to pay down balances associated with certain non-company related loans predominantly related to their investment in Major League Soccer. Between August 20 and September 1, 2020, a Deloitte survey conducted by OnResearch, a market research firm, polled 1,000 US executives—750 at US-headquartered corporations and 250 at US-based private equity firms—to assess current and future M&A plans given uncertainty caused by COVID-19 and current economic conditions. View original content:http://www.prnewswire.com/news-releases/mastec-announces-details-of-mas-family-financing-arrangements-300961458.html, J. Marc Lewis, Vice President-Investor Relations, 305-406-1815, 305-406-1886 fax, marc.lewis@mastec.com, MasTec Announces Details of Mas Family Financing Arrangements, http://www.prnewswire.com/news-releases/mastec-announces-details-of-mas-family-financing-arrangements-300961458.html. WesTower's operations have experienced significant revenue expansion, growing from approximately $100 million in annual revenues in 2010, to approximately $450 million in projected revenues in 2014. Mastec Inc Form 10-Q. This didn't apply to me but I thought it was commendable of the company. MasTec Network Solutions Project Manager, Site Acquisition Reviews. GAAP net income increased 8% to $130.1 million, or $1.69 per diluted share, compared to … Securities Investor Fraud. CORAL GABLES, Fla., Oct. 31, 2019 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced better than expected third quarter financial results and increased 2019 annual earnings guidance. Updates to this master solicitation will be identified by a date and revision number. ... regulation and acquisition policies and procedures. These are challenges which MasTec faced and overcame in our existing wireless operations through the development of our processes and systems, which we believe to be a competitive advantage. The Mas Brothers could also seek to extend the Financings beyond the initial term. WesTower currently provides services to a number of major wireless carriers through 16 regional operating offices located throughout the Eastern, Central and Western United States, and currently has approximately 1,600 employees. MasTec, Inc. Shareholders’ Equity Non-Controlling Interests Total Shares Amount Shares Amount Equity For the Three Months Ended March 31, 2020 Balance as of December 31, 2019 91,909,430 $ 9,191 (15,344,917) $ (466,727) $809,753 $1,510,709 $ (75,706) $ 1,787,220 $ 4,471 $1,791,691 To the extent any linked websites you visit are not operated by or on behalf of MasTec, we are not responsible for their content or your use of those websites. CORAL GABLES, Fla., Oct. 31, 2019 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced better than expected third quarter financial results and increased 2019 annual earnings guidance. CORAL GABLES, Fla., May 2, 2019 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced higher than expected first quarter financial results, record backlog, and increased 2019 guidance. Contact Mikael Andersson, Sales Manager (mikael.andersson@mastec.se) for more information. Sales were up 19%, to $1.16 billion, which more than doubled the anticipated 9% growth rate among those following the … CORAL GABLES, Fla., Nov. 19, 2019 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that Jorge Mas, Chairman, and Jose Mas, Chief Executive Officer (together with certain family partnerships and trusts, the "Mas Brothers"), have entered into financing arrangements (the "Financings") involving prepaid variable forward contracts with respect to MasTec common stock, as described in … CORAL GABLES, Fla., Oct. 31, 2019 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced better than expected third quarter financial results and increased 2019 annual earnings guidance. June 13, 2019: MasTec Network Solutions posted an article on LinkedIn 2 Likes Meet Mastec Network Solutions face-to-face and learn about our job opportunities at Miami All Veterans Job Fair on Thursday March 12, 2015 in North Miami, FL. Fourth quarter 2019 revenue was $1.7 billion, compared to … Actual results may differ significantly from results expressed or implied in these statements. We are also dedicated to bringing MLS Soccer to South Florida (InterMiami CF) and the creation of Miami Freedom Park as an iconic destination for fans, tourists and residents alike. George Pita, MasTec's Chief Financial Officer, commented, "We believe that once WesTower's operations are integrated into MasTec billing systems and processes, we will be able to substantially reduce overall working capital levels in these operations by as much as 20%. MasTec Acquisition of Pacer Construction and Subsequent Pursuit/Recovery of Purchase Funds. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/mastec-expands-wireless-operation-with-acquisition-of-westower-communications-inc-860460601.html, J. Marc Lewis, Vice President-Investor Relations, 305-406-1815, 305-406-1886 fax, marc.lewis@mastec.com. Pensare Acquisition Corp. is a special purpose acquisition company that went public on Nasdaq in July 2017 and was formed for the purpose of effecting a merger, acquisition … MTZ MasTec Inc MasTec Announces Significant Revision and Enhancement to Nsoro Acquisition Earn-out Terms The Financings provide the Mas Brothers the ability to receive cash now, while retaining full ownership and voting rights during the three-year initial term. We do not undertake any obligation to update forward-looking statements. MasTec, Inc. is a leading infrastructure construction company operating mainly throughout North America across a range of industries. Mike McRitchie is an author, "Top 100 Career Blogger", and job search and small business strategist with over 20 years of experience managing wireless telecom build-outs for all the major U. S. carriers (AT&T, Verizon, T-Mobile, Sprint) as a project manager, program manager, and director-level leader. At closing, WesTower had approximately $159 million in tangible net worth, comprised mostly of working capital of $151 million, including approximately $18 million in cash. MasTec has acquired 26 companies.. MasTec’s largest acquisition to date was in 2008, when it acquired Wanzek Construction for $200M.MasTec has acquired in 14 different US states, and 4 countries. MasTec's customers are primarily in these industries. The call-in number for the conference call is (913) 981-5509 and the replay number is (719) 457-0820, with a pass code of 5186679. Site Acquisition Specialist MasTec Network Solutions December 2017 – Present 1 year 11 months. Jose Mas, CEO of MasTec, has led the Company since April of 2007. June 13, 2019: MasTec Network Solutions posted an article on LinkedIn 2 Likes Meet Mastec Network Solutions face-to-face and learn about our job opportunities at Miami All Veterans Job Fair on Thursday March 12, 2015 in North Miami, FL. WesTower is a telecommunications services firm, focusing on construction and maintenance of communications infrastructure related to wireless networks throughout the United States. MASTEC, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited - in thousands, except per share amounts) For the Three Months Ended September 30, For the Nine Months Ended September 30, 2020 2019 2020 2019 Revenue $ 1,698,279 $ 2,016,618 $ 4,684,180 $ 5,473,965 This didn't apply to me but I thought it was commendable of the company. Mastek is a global technology services company offering digital services and software for large public and private enterprises in the UK, US, Middle East, Asia-Pacific and India. A free inside look at company reviews and salaries posted anonymously by employees. About the survey. Pensare Acquisition Corp. is a special purpose acquisition company that went public on Nasdaq in July 2017 and was formed for the purpose of effecting a merger, acquisition … If you made a bad decision when you were younger, MasTec will give you a second chance. The Company's website should be considered as a recognized channel of distribution, and the Company may periodically post important, or supplemental, information regarding contracts, awards or other related news and webcasts on the Events & Presentations page in the Investors section therein. First quarter 2019 revenue was a record $1.5 billion, an 8.7% increase compared with $1.4 … The company completed two acquisitions during first-quarter 2019. The official website of the Federal Trade Commission, protecting America’s consumers for over 100 years. WesTower's current operating margin and working capital levels are indicative of industry-wide challenges managing the complexities of rapid growth in wireless construction services. Companies; Documents; Forms; ... 2019, MasTec, Inc. had 76,332,198 shares of common stock outstanding. In a report published Wednesday, Wunderlich Securities analyst Jason A. Wangler reiterated a Buy rating and $35.00 price target on MasTec (NYSE: MTZ). Deals involving U.S. targets totaled over $1.7 trillion, compared to approximately $1.5 trillion in […] MasTec Inc Q3 2019 Earnings Call Nov 1, 2019, 9:00 a.m. During the first quarter of 2019, MasTec completed two acquisitions, which included: (i) all of the interests in a company specializing in water management and pipeline systems for the oil and gas market, which is included in the Company’s Oil and Gas segment; and (ii) certain assets and liabilities of a company specializing in the construction and maintenance of cell towers, which is included within the … ET. CORAL GABLES, Fla., Feb. 27, 2020 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced strong 2019 fourth quarter and full year financial results and issued its initial 2020 guidance expectation. Fourth quarter 2018 revenue was $1.92 billion, compared with $1.60 billion for the same period last year. At MasTec, safety isn’t just a priority, it’s a core value. After the two other sellers had repaid their proportionate share to MasTec, RP/RPHI remained liable to Pacer for the amount of some Can$34 million. Itasca, IL. Form 10-Q filed by Mastec Inc with the security and exchange commission. My brother and I are committed to MasTec's growth and success, and our significant ownership maintains our strong alignment with the interests of our shareholders.". We do not undertake any obligation to update forward-looking statements. Total deal volume reached almost $4.2 trillion globally, higher than the $3.7 trillion volume of 2017, but still less than the record of over $5 trillion set in 2015. MasTec Announces Details of Mas Family Financing Arrangements PR Newswire CORAL GABLES, Fla., Nov. 19, 2019 CORAL GABLES, Fla., Nov. 19, 2019 /PRNewswire/ -- MasTec… © 2021 MasTec Inc. - IR site All Rights Reserved. Additionally, the call will be broadcast live over the Internet and can be accessed and replayed through the Investors section of the Company's website at www.mastec.com. The IT Industry Awards panel voted Mastek the number one IT vendor for 2019. CORAL GABLES, Fla., Feb. 27, 2020 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced strong 2019 fourth quarter and full year financial results and issued its initial 2020 guidance expectation. Through the acquisition, Mastec added 600 engineers located both domestically and abroad. The Company's primary activities include the engineering, building, installation, maintenance and upgrade of energy, utility and communications infrastructure, such as: electrical utility transmission and distribution; natural gas and petroleum pipeline infrastructure; wireless, wireline and satellite communications; power generation, including renewable energy infrastructure; and industrial infrastructure.