MasTec acquired Bottom Line Services, LLC (BLS) for approximately $78.7 million ($67.6M cash plus an $11.1M five-year earn-out), per the FY2013 10-K, a transaction completed in December 2012, structured as cash plus earn-out.
Bottom Line Services, LLC (BLS) operates in Oil and Gas, is based in Eastern Texas, United States. Natural-gas and petroleum pipeline infrastructure services company operating primarily in eastern Texas, providing pipeline and facilities construction, painting and maintenance. MasTec acquired all outstanding interests effective December 1, 2012.
Added self-perform pipeline construction and maintenance capacity in the active Texas gas basins.
Oil and Gas segment
Advisory firms were not disclosed for this transaction.