MasTec acquired Big Country Energy Services, Inc. for approximately $126.3 million total consideration ($103.5M cash plus $22.8M earn-out), per the FY2013 10-K, a transaction completed in May 2013, structured as cash plus earn-out.
Big Country Energy Services, Inc. operates in Oil and Gas, is based in Calgary, Alberta, Canada (with U.S. offices in Wyoming and North Dakota). North American oil-and-gas pipeline and facility construction company headquartered in Calgary, Alberta, with offices across western Canada, Wyoming and North Dakota. Services span gathering systems and pipeline construction, pipeline modification and replacement, and compressor and pumping-station work. MasTec acquired all equity interests effective May 1, 2013.
Expected to significantly expand MasTec's ability to capture rapidly growing North American energy-infrastructure opportunities.
Oil and Gas segment
Advisory firms were not disclosed for this transaction.