MasTec Inc. says it has expanded its engineering, procurement and construction capabilities in extra-high-voltage (EHV) electrical transmission systems through the purchase of a minority interest in EC Source Services LLC, an EHV specialty transmission contractor.
This $10 million investment will be utilized by EC Source to support working capital and make equipment purchases as necessary to meet the demands of its existing and future projects. MasTec will have a two-year option to merge the remaining ownership interest of EC Source into its operations.
Additional details are contained in the SEC Form 8-K that is being filed.
SOURCE: MasTec
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