Powering Puerto Rico
If you want to find a company to rebuild an electrical grid demolished by a hurricane, then go to a city where they have experience with hurricanes. And that would be Coral Gables. MasTec, Inc., the Gables-based infrastructure powerhouse (2017 revenue: $6 billion) was just awarded a $500 million contract to complete the repair and restoration of Puerto Rico’s mangled electrical grid, taken down by Hurricane Maria last year. CEO José Mas said in a press release that MasTec has been “proudly performing services in Puerto Rico for over 50 years” so is familiar with the island. MasTec recently became the first company created by a Cuban American (Jorge Mas Canosa) to make it to the Fortune 500 list of top publicly traded companies in the U.S., ranking at 428.
