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What Mastec acquisition of Henkels & McCoy means for Linemen

image credit: Mastec Public Filing
Noah Stoll's picture
Lineman Lineman Central

Journeymen Lineman and Writer for Lineman Central.

  • Member since 2022
  • 2 items added with 485 views
  • Jan 6, 2022
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Last month it was announced that Florida-based specialty contractor giant MasTec Inc. has agreed to acquire electrical power transmission and distribution utility services firm Henkels & McCoy in a $600-million deal.

This is following a trend of energy contracting firms working to diversify away from oil and gas services.

“This transaction will double our transmission and distribution resources, expanding our presence in the Northeast markets and the Northwest, where MasTec has traditionally been underrepresented,” said CEO Jose Mas.

“More importantly, we are adding significant additional crew and equipment resource capacity.” MasTec will gain 5,100 employees from Henkels & McCoy

Mastec has historically strong wages and good reviews from lineman as submitted in our annual survey. Henkels and McCoy is a very well run company however in 2020 the company was ordered to provide 362 current and former workers in five states about $1.1 million in back pay and damages for allegedly not paying required overtime wages, according to a lawsuit filed in 2020 by the U.S. Dept.of Labor.

For the growing number of lineman working for Mastec they should be encouraged by increasing wages and a well organized back office and staff.

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Matt Chester's picture
Matt Chester on Jan 6, 2022

This is following a trend of energy contracting firms working to diversify away from oil and gas services

Do you forsee long-term competition between the O&G companies trying to elbow into this space for the sake of diversity vs. the companies that have long specialized in it? 

Julian Jackson's picture
Julian Jackson on Jan 14, 2022

I wondered whether there is going to be such a need for linemen and women in the future? With drones, satellite imaging, and better sensors and remote detection of faults, will this be another profession that will not need such a large workforce going forward?

Noah Stoll's picture
Noah Stoll on Jan 20, 2022

Someday there will be a robot/drone that can climb a pole, de-ice a transformer, replace an insulator and splice together a shoe-fly. Until then... I think we have pretty good job security:)

Julian Jackson's picture
Julian Jackson on Jan 21, 2022

OK Noah! I take your point! :-)

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