MasTec has finalized the acquisition of McKee Utility Contractors from Boyne Capital, marking a full exit for Boyne’s second fund (BCM Fund II LP). The transition reflects the integration of a specialized water infrastructure platform into a global publicly traded diversified services group. Under Boyne's three-year ownership, the organization underwent a significant operational transformation, which included doubling its crew count and establishing new regional divisions across Oklahoma and Texas. The rationale for the transaction centers on the acquisition of a high-growth platform with a dominant position in the Southern United States water utility sector. The target provides the acquirer with specialized technical capabilities in large-diameter pipeline construction, an increasingly critical infrastructure segment due to urban expansion and aging municipal water systems. The partnership is expected to leverage the target's recently upgraded project management systems and safety protocols to take on larger, more complex water infrastructure projects. By integrating this founder-led specialist into its broad portfolio, the acquirer reinforces its status as a leading consolidator in the North American specialized contracting market.