MASTEC Business Summary

MasTec Inc. (MTZ) is a leading North American infrastructure construction company that generates revenue primarily through long-term, high-volume service contracts and project-based fees for the engineering, installation, and maintenance of large-scale utility and telecommunications systems. The company operates through four primary business segments: Communications, which focuses on 5G and fiber-to-the-home deployment; Clean Energy & Infrastructure, serving renewable energy developers and government clients; Power Delivery, which manages grid modernization and electrical transmission; and Pipeline Infrastructure, providing services for natural gas and processing facilities. As of early 2026, MasTec maintains a dominant market position characterized by a record 18-month backlog exceeding $16 billion, positioning it as a more diversified alternative to specialized peers like Quanta Services (PWR), Dycom Industries (DY), Primoris Services (PRIM), and EMCOR Group (EME). MasTec was established in 1994 following the merger of Church & Tower—a firm revitalized by Cuban immigrant and human rights activist Jorge Mas Canosa—and Burnup & Sims. The company remains under the stewardship of the Mas family, with Jorge Mas serving as Chairman and Jose R. Mas as Chief Executive Officer since 2007; both hold MBAs from the University of Miami and are prominent owners of the Inter Miami CF soccer franchise. The executive team is rounded out by Chief Operating Officer Robert Apple, a former DIRECTV executive, and Chief Financial Officer Paul DiMarco, who assumed the role in 2023. The board of directors includes notable figures such as Lead Independent Director Robert J. Dwyer, formerly of Morgan Stanley, and Ava L. Parker, President of Palm Beach State College, while the company enjoys significant institutional backing from major investors including Vanguard, BlackRock, and Soros Fund Management.