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Share this article Share this article 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. ....
MasTec Expands Electrical Distribution Operations Footprint with Acquisition of INTREN, LLC, One of the Largest Private Energy Distribution Contractors in the Country News provided by Share this article Share this article CORAL GABLES, Fla., May 5, 2021 /PRNewswire/ MasTec, Inc. (NYSE: MTZ) today announced that it has acquired INTREN, LLC ( INTREN ). INTREN is a premier utility specialty contractor primarily providing electrical distribution network services under various multi-year master service agreements to the nation s largest utilities, municipalities, and cooperatives. INTREN is headquartered in Union, Illinois and has approximately 2,000 employees providing services in 14 states across the United States. In the transaction, MasTec acquired all the equity interests of INTREN for approximately $420 million in cash plus a contingent earnout through year end 2021. At closing, INTREN is expected to have approximately $100 million in tangible net wor ....
EPRI Announces Board of Directors Changes News provided by Share this article Share this article PALO ALTO, Calif., April 14, 2021 /PRNewswire/ The Electric Power Research Institute (EPRI) today announced changes to its Board of Directors that will take effect April 14. Stanley W. (Stan) Connally, Jr., Southern Company s Executive Vice President of Operations and Chairman, President and Chief Executive Officer of its Southern Company Services (SCS) subsidiary, will succeed Edison International President and CEO Pedro J. Pizarro as Chairman of EPRI s Board. EPRI s effectiveness in leveraging collaboration and technical expertise to solve the energy industry s challenges is unparalleled. This is an important period for our industry and for EPRI as we continue to decarbonize and also work to ensure the reliability, resilience and affordability of our service, said Connally. I look forward to continuing this important work as EPRI and its members harness ....
A local women-owned utility contractor has named a new CEO. Sherina Maye Edwards, who is on the board of INTREN, is taking over the position permanently. Edwards, 37, has been interim CEO since September, when previous chief executive Kelly Tomblin left for a job in Texas. “Sherina is an exceptional choice to lead this company, and as a board, we have full confidence that she will continue her record of strong leadership,” INTREN founder and Chairman Loretta Rosenmayer said in a statement. “In a short time, she has integrated herself with the company, our employees and our customers and has played a key role in the company’s future organizational and growth strategy.” ....