MasTec acquired Power Partners, LLC for $5.5 million cash plus ~$2.8 million of assumed liabilities and an earn-out (asset purchase), a transaction completed in December 2007, structured as cash plus earn-out. The deal was a Asset purchase.
Power Partners, LLC operates in Power Generation / clean energy (wind electrical), is based in United States. Electrical utility contractor specializing in wind-farm electrical system design and construction. MasTec acquired certain assets in December 2007.
Added early wind-farm electrical engineering and construction capability as MasTec diversified into renewables.
Wind/electrical construction operations
Advisory firms were not disclosed for this transaction.