Recent stocks from this report have soared up to +178.7% in 3 months - this month's picks could be even better. MIAMI (May 10, 2021) Holland & Knight advised MasTec, Inc. (NYSE: MTZ) on its $420 million acquisition of INTREN, LLC, one of the largest private energy Comments must be received 30 days after publication in the Federal Register. The site is secure. Associated Electric Cooperative, Inc. Tallahassee, Florida, Deputy Electrical Safety Officer 03925319, Artificial Intelligence: Leading Technology Companies, Cybersecurity: Leading Technology Companies, Electric Vehicles: Leading Technology Companies, Strategic Alliances Announced in Last 12 Months, Special Purpose Acquisition Corps. 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. Founded in 1923, Henkels has been in operation for more than 98 years, with approximately$1.5 billionin fiscal 2021 revenue, primarily with long tenured relationships across adiverse blue chip customer base, with expansive geographic operations acrossthe United States. Mastec (MTZ) Group 3,4,5 Annual Filings Current Reports Mergers & Acquisitions Other Proxy Filings Quarterly Filings Registration Statements Filing year Elk River, Minnesota, Electric Utility Engineer I/II/III WebDecember 31, 2021. Some better-ranked stocks in the same industry include Granite Construction Incorporated (GVA Quick QuoteGVA - Free Report) , Sterling Construction Company Inc. (STRL Quick QuoteSTRL - Free Report) and Tutor Perini Corporation (TPC Quick QuoteTPC - Free Report) . Under the proposed order, in addition to divesting three Provo-area dialysis clinics and providing transition services for up to one year, DaVita is prohibited from: entering into or enforcing, directly or indirectly, any non-compete agreements with physicians employed by the University that would restrict their ability to work at a clinic operated by a competitor of DaVita (except to prevent a medical director under a contract with DaVita from simultaneously serving as a medical director at a clinic operated by a competitor); entering into any agreement that restricts Sanderling from soliciting DaVitas employees for hire; and directly soliciting patients who receive services from the divested clinics for two years. Each of the company logos represented herein are trademarks of Microsoft Corporation; Dow Jones & Company; Nasdaq, Inc.; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc. MasTec Inc.has closed its previously announced acquisition ofHenkels & McCoy Group Inc. in a cash and stock transaction valued at approximately$600 million. MasTec ( NYSE: MTZ) has been working to diversify away from the oil and gas pipeline business with two acquisitions in 2021. The webcast replay will be available for at least 30 days. IN TECHNOLOGY, MASTEC 100 UP TO TENS OF PERCENT, Personalize which data points you want to see and create visualizations instantly. NORTH AMERICA. A lower score indicates better sustainability, Exposure refers to the extent to which a company is exposed to different material ESG issues, Management is related to actions taken to manage ESG issues. The Commission vote to accept the proposed consent order for public comment was 5-0. Start a discussion below. This critical tool will help the Commission quickly identify and ultimately prevent future facially anticompetitive deals by DaVita, a particularly acquisitive company. First announced on Dec. 20, the total transaction consideration will be$600 million, with approximately$420 millionin cash (including the repayment of Henkels debt) plus approximately 2 million shares of MasTec common stock, subject to customary purchase price adjustments. To learn more, click here. This marks an important step in the diversification ofMasTecsend market portfolio of services, providing us strong strategic growth opportunities, Mas added. The FTC investigated this case in collaboration with the Utah Attorney Generals Office. As one of the largest clean energy contractors in the country, MasTecs expertise in constructing wind farms, solar farms, biomass facilities, high-voltage transmission lines, substations, battery storage and hydrogen-enabled solutions uniquely position the company to take advantage of the growth in this market. In addition, we believe that MasTec provides significant strategic growth opportunities and, as evidence of our strong belief in the merits of this combination, my brother Paul and I have requested, and will receive, a significant portion of the proceeds of the transaction in MasTec common stock.. This information is available in the PitchBook Platform. CORAL GABLES, Fla., Dec. 20, 2021 /PRNewswire/ --MasTec, Inc. (NYSE: MTZ) today announced that it has entered into a definitive agreement to acquire Henkels & McCoy Group Inc. (Henkels), one of the largest U.S. private electrical power transmission and distribution utility services firm and the 14th largest U.S. specialty contractor according to the recent 2021Engineering News-Record ranking. If any of these risks or uncertainties materialize, or if any of our underlying assumptions are incorrect, our actual results may differ significantly from the results that we express in, or imply by, any of our forward-looking statements. ZacksTrade and Zacks.com are separate companies. We remain committed to maintaining a strong balance sheet and our investment grade rating. Henkels is one of the largest U.S. private electrical power transmission and distribution utility services firms and the 5thlargestU.S.utility contractor in the recent 2021Engineering News-Recordranking. Houlihan Lokey served as exclusive financial advisor, and Sidley Austin LLP served as legal counsel, to Henkels. Fourth Quarter 2022 Results Include GAAP Net Income of $3.4 Million, Adjusted EBITDA of $258 Million, Diluted Earnings Per Share of $0.04 and Adjusted Diluted Earnings Per Share of $1.03, Successfully Completed IEA Acquisition, with Significant Post-Acquisition Net Debt Reduction During the Quarter, Record 18-Month Backlog as of December 31, 2022 of $13.0 Billion, a 31% Increase Over 2021. In addition, we believe that MasTec provides significant strategic growth opportunities and, as evidence of our strong belief in the merits of this combination, my brother Paul and I have requested, and will receive, a significant portion of the proceeds of the transaction in MasTec common stock.". Access more premium companies when you subscribe to Explorer, Contact the team or request a demo to find out how our data can drive your business forward, Transportation, Infrastructure and Logistics, Top 10 Construction Contractors in the World in 2021 by Contract Expenditure, Gain a 360-degree view of MasTec Inc and make more informed decisions for your business, 800 S. Douglas Road, 12th Floor, Coral Gables, Florida, 33134, Gain access to our premium signals and make informed decisions for your business, Understand MasTec Inc portfolio and identify potential areas for collaboration, Dive into past operations, including product releases, deals, acquisitions & more, Benchmark the company against the market with exclusive information on key competitors, Chart Financial activity with access to more key stats, Executive Vice President; Chief Financial Officer, Executive Vice President; Secretary; General Counsel, Gain insight into MasTec Inc key executives to enhance your sales strategy, GlobalData Plc 2023 | Registered Office: John Carpenter House, John Carpenter Street, London, EC4Y 0AN, UK | Registered in England No. Austin, Texas, Transmission System Operator Curated power industry news from thousands of top sources. Zacks Ranks stocks can, and often do, change throughout the month. Net Profit Margin History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events. Their 650 employees have a similar DNA to Wanzeks both companies lead with a Houlihan Lokeyserved as exclusive financial advisor, and Sidley Austin LLP served as legal counsel, to Henkels. The acquisition will be funded from MasTec' s cash on hand and its existing senior secured credit facility and is subject to customary purchase price adjustments. The company serves renewable energy, electric power, oil and gas, water and sewer, civil and industrial, technology, communications and government sectors. This is a profile preview from the PitchBook Platform. It was accompanied by the announcement of the agencys new Prior Approval Policy Statementputting industry on notice that the FTCs orders will once again routinely require prior approval for future transactions affecting each relevant market for which a violation was alleged, for a minimum of ten years. This order requires the use of a broad prior approval provision for a variety of reasons, including DaVitas history of fueling market consolidation for these life-saving services. ", Rod Henkels, Chairman and Chief Executive Officer of Henkels, commented, "As a third generation, family-owned company, we carefully evaluated multiple alternatives for our operations. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. These and other risks are detailed in our filings with the Securities and Exchange Commission. Management will hold a conference call to discuss these results on Friday, February 24, 2023 at 9:00 a.m. Eastern Time. President Joe Biden remains keen on enhancing research and development as well as technologies, including large-scale battery power storage and carbon capture and minimization, and modernizing infrastructure, comprising the nations electricity grid and a nationwide network of public charging stations for EVs. Year Event Description; 2022: Contracts/Agreements: History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events. This order requires the use of a broad prior approval provision for a variety of reasons, including DaVitas history of fueling market consolidation for these life-saving services. We believe that the addition of Henkels, coupled withMasTecsexisting operations, creates a market leading utility contractor with significant expertise, scale and capacity that can provide a complete and compelling suite of service offerings to our customers as they work to transition to renewable energy generation, modernize power grid systems and reduce carbon emissions.. Some 80 deals later, heres how their acquisition strategy is unfolding. September 02, 2021, STRL Quick QuoteSTRL TPC Quick QuoteTPC MTZ Quick QuoteMTZ GVA Quick QuoteGVA. Under the proposed order, DaVita is required to divest three Provo-area dialysis clinics to Sanderling Renal Services, Inc. and prohibited from entering into or enforcing non-compete agreements and other employee restrictions. The Federal Trade Commission issued a proposed order imposing strict limits on future mergers by DaVita, Inc., a dialysis service provider with a history of fueling consolidation in life-saving health industries. CORAL GABLES, Fla., Feb. 23, 2023 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced 2022 fourth quarter and full year financial results and issued its
Mountain Banjo Makers,
Sports Card Shows In Washington State 2022,
Causes Of Political Instability In Nepal After Sugauli Treaty,
Is Oplex Careers Accredited,
Articles M
