MasTec Buys Intren
MasTec Inc., an infrastructure construction company has acquired
Intren LLC, a nationwide specialty utilities contractor primarily providing distribution network services for electrical and gas infrastructure, from
One Equity Partners, a middle market private equity firm, for $420 million, including a contingent earnout through year end 2021.
“OEP identified both the utility services industry as an attractive growth market and Intren as a leading specialty contracting services firm with a proven track record of safe and quality workmanship in the Midwest and a strong growth trajectory ahead of it prior to investing in the Company,” said
J.B. Cherry, senior managing director, OEP.