MasTec acquired Intren, LLC (INTREN) (grouped within 'all other' 2021 acquisitions in the FY2021 10-K; INTREN's acquired customer-relationship and trade-name intangibles alone were valued at ~$281M), a transaction completed in May 2021, structured as combination (cash and stock).
Intren, LLC (INTREN) operates in Power Delivery, is based in United States. Specialty utility contractor providing electrical distribution network services under multi-year master service agreements to large utilities, municipalities and cooperatives. MasTec acquired all of INTREN's equity interests effective May 2021; the deal was reported in aggregate within the year's Power Delivery acquisitions rather than with a standalone purchase price.
Broadened MasTec's utility distribution footprint and recurring master-service-agreement revenue base within Power Delivery.
Power Delivery segment
Advisory firms were not disclosed for this transaction.