Florida, United States [RenewableEnergyWorld.com] Communications firm MasTec Inc. announced that it has signed a definitive purchase agreement to acquire renewable energy maintenance contractor Wanzek Construction Inc. for US $200 million in cash and the assumption of US $15 million in debt.
With the acquisition of Wanzek, MasTec will become one of the leading wind energy contractors in the country, capable of providing end-to-end construction services to wind farm owners and developers, the companies said.
“With the acquisition of Wanzek, we are expanding our expertise in the wind energy and natural gas industries. We believe that energy independence will remain a long-term national priority and with MasTec’s expertise in wind farm construction, natural gas and energy transmission, we will be a leading player in that effort,” said Jose Mas, MasTec’s president and CEO.
Wanzek manages a team of more than 1,100 workers and tradesmen which it deploys throughout the country and which is capable of working under extreme weather conditions. Wanzek has completed, or is in the process of completing, work on projects representing more than 1,100 turbines and nearly 2,000 megawatts of power generating capacity.