On March 2, 2026, MasTec, Inc. announced the acquisition of McKee Utility Contractors, LLC, a portfolio company of Boyne Capital, for an enterprise value of $276 million. The deal expands MasTec’s construction‑management and water‑infrastructure capabilities, adding a new service line to its diversified platform.
The acquisition brings McKee’s experienced workforce and existing contracts into MasTec’s portfolio, strengthening the company’s position in the water‑infrastructure market and providing additional revenue streams. By integrating McKee’s operations, MasTec can leverage its existing engineering, construction, and maintenance expertise to deliver more comprehensive solutions to municipal and utility clients.
This transaction aligns with MasTec’s strategy of building an integrated infrastructure platform through targeted acquisitions. The $276 million purchase is expected to enhance the company’s backlog and support its long‑term growth objectives in the water‑infrastructure segment.
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