Boyne Capital
Boyne Capital announces McKee Utility sale to MasTec
Summary: Boyne Capital announced the sale of portfolio company McKee Utility Contractors to MasTec at a stated enterprise value of $276 million. The Boyne source says the firm partnered with management to recapitalize McKee in December 2022.
Why it matters: The update may matter to due-diligence readers as a source-attributed exit and portfolio-company development signal for Boyne, while the announced sale should not be used to infer realized returns, valuation fairness, fund performance, operating quality, or investment merit.
Summary
Boyne Capital announced on March 2, 2026 the sale of McKee Utility Contractors to MasTec. The Boyne source states an enterprise value of $276 million and says Boyne partnered with management to recapitalize McKee in December 2022.
The announcement describes McKee as a Prague, Oklahoma-based infrastructure services platform focused on large-diameter water and wastewater transmission lines. It also says McKee has operated across Texas, Oklahoma, and Arkansas, and attributes several growth and operating-development points to Boyne’s ownership period.
This draft treats those points as Boyne-attributed transaction and portfolio-company statements. It does not infer realized return, valuation fairness, fund performance, operating quality, customer demand, infrastructure-market outlook, or investment merit.
Why it matters
For due-diligence readers, a manager-announced portfolio-company exit can be a useful public signal about where a private-equity adviser has realized or transferred an operating-company investment, what buyer type was involved, and what operational narrative the adviser chooses to emphasize. It can also create follow-up questions about fund vehicle, hold period, governance, buyer integration, and whether later filings or buyer disclosures confirm additional transaction details.
The signal is bounded. The Boyne source supports the announced sale, buyer and seller identities, stated enterprise value, 2022 recapitalization history, and source-attributed operational description. It does not independently validate return multiple, fund-level impact, purchase-price fairness, growth causality, MasTec’s integration plan, or future operating performance.
Source notes
- Boyne Capital primary announcement: https://boynecapital.com/2026/03/02/news-boyne-capital-announces-the-sale-of-mckee-utility-to-mastec/
- Boyne 2026 news archive: https://boynecapital.com/2026
- SEC AdviserInfo identity page: https://adviserinfo.sec.gov/firm/summary/285919
- Source posture: primary manager/source-party announcement. Keep enterprise value, recapitalization date, geography, operational-development, and growth claims tightly attributed to Boyne’s source.
- Verifier posture: the PM verifier cleared the item for drafting with high manager-identity confidence and reported no local McKee Utility/MasTec same-event duplicate. The verifier noted this is an older backfill than the fresher PM items.
9AT filing context
Public adviser/profile context can identify Boyne Capital as CRD 285919 and SEC file 801-117083, with about $1.2 billion in ADV-reported profile scale. That context is useful only for adviser identity and broad platform background.
The filing-derived context should not be used to characterize the exit outcome, valuation quality, realized return, fund performance, future MasTec integration, or investment merit. No 13F or Form 5500 context is included because those filings do not explain this private portfolio-company sale.
What to watch
Watch for later Boyne, McKee, MasTec, adviser-bank, or regulatory disclosures that clarify closing mechanics, fund vehicle, buyer integration, leadership continuity, project backlog, purchase-price allocation, or any public buyer reporting tied to McKee.
Future coverage should keep growth and transformation language attributed to Boyne unless supported by independent public records or buyer disclosures, and should avoid turning the stated enterprise value into a performance conclusion.