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MasTec
MasTec was founded in 1929 by two carpenters, Russell Burnup and Riley Sims, in Florida.
MasTec
MasTec was founded in 1929 by two carpenters, Russell Burnup and Riley Sims, in Florida. The company has since grown into a leading specialty contractor with headquarters in Coral Gables. It holds certification as a minority-controlled company by the National Minority Suppliers Development Council. MasTec’s strategy spans multiple infrastructure asset classes: clean energy and renewables (solar, wind, battery storage), power generation and transmission, oil and natural gas pipelines, data centers, EV charging infrastructure, and communications networks. The company has 80+ years of experience and a wholly-owned fleet of specialized construction equipment. Confirmed projects include work on natural gas power plants, wind farms, solar facilities, and last-mile technology deployments through its MasTec Advanced Technologies division. The firm operates across North America with offices spanning the continent and a workforce of roughly 36,000 skilled professionals. In the last 24 months, MasTec has focused on expanding its data center and EV infrastructure service lines, launching MasTec EVi for electric vehicle charging solutions. No founder succession or leadership changes have been publicly reported. MasTec’s structural differentiator is its certification as a minority-controlled company, which opens access to contracts that require such status. Its extensive owned fleet and 80-year track record provide a scale advantage in large, complex infrastructure projects.
General information
Firm type
Asset Manager
Year founded
1929
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Coral Gables
Corporate office
Coral Gables, FL, United States
Principals
Jorge Mas
Board Member
Jose Mas
Board Member
Russell Burnup
Co-Founder
Riley Sims
Co-Founder
Sector focus
Frequently asked questions
Who runs investment decisions at MasTec?
MasTec is a publicly-traded contractor, not an investment firm. Strategic decisions are overseen by its board, which includes Jorge Mas and Jose Mas. The company does not operate as a family office or asset manager.
How does MasTec source proprietary deal flow?
MasTec wins contracts through competitive bidding and existing customer relationships. Its minority-controlled certification and 80-year track record give it access to large infrastructure projects. The company does not describe a proprietary deal sourcing process.
Is MasTec structured as a single family office or does it operate more like a contractor?
MasTec is a publicly-traded specialty construction company, not a family office. The Mas family has board representation, but the firm's ownership is dispersed across public shareholders.
Does MasTec participate in fund commitments or only direct deals?
MasTec executes direct construction contracts. It does not make fund commitments or investments in other companies. Its capital is deployed into projects for customers.
What investment stages does MasTec typically target?
MasTec focuses on construction and engineering projects at various stages. It works on greenfield developments and retrofits across power, renewables, data centers, and communications infrastructure.
Which sectors does MasTec explicitly avoid?
MasTec's public materials do not specify sectors it avoids. The company focuses on infrastructure markets including clean energy, power, pipelines, data centers, EV charging, and communications.
Where does the underlying wealth come from?
MasTec is a publicly-traded company, not a private family office. The wealth of the Mas family is tied to their ownership stake in the company, but MasTec itself does not have a disclosed wealth origin.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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