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NEW YORK, May 6, 2021 /PRNewswire/ -- One Equity Partners ("OEP"), a middle market private equity firm, today announced the sale of INTREN, LLC ("INTREN" or "the Company"), a nationwide specialty utilities contractor primarily providing distribution network services for electrical and gas infrastructure, to MasTec, Inc. (NYSE: MTZ), an infrastructure construction company for $420 million, including a contingent earnout through year end 2021.
Headquartered in Union, Ill., and founded in 1988, INTREN's approximately 2,000 skilled professionals in 14 states across the U.S. provide turnkey contracting services to the nation's largest electrical and gas utilities, private contractors, municipalities, commercial businesses and cooperatives.