MasTec

Pipelines, transmission lines and cell towers are the daily work of MasTec, a construction and engineering firm that builds the physical backbone of America's energy and communications networks. Crews string fiber and wireless equipment for telecom carriers, lay oil and gas pipelines, erect electricity transmission, and increasingly assemble large solar and wind projects as utilities shift toward clean power. The company works mostly as a contractor bidding on large multi-year jobs, which means its backlog of signed work is the number investors watch most closely. Growth has come both from winning bigger projects and from buying smaller specialty builders. Because so much of its revenue depends on utility and government spending cycles, MasTec benefits directly when federal infrastructure and grid-upgrade money flows. It is based in Coral Gables, Florida, and remains controlled by the founding Mas family, who built it up from a single telecom-construction contractor.

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