MasTec acquired Pumpco, Inc. for $44 million cash plus a five-year earn-out (50% of Pumpco earnings above a threshold), a transaction completed in May 2008, structured as cash plus earn-out.
Pumpco, Inc. operates in Oil and Gas, is based in Texas, United States. Texas-based midstream oil-and-gas pipeline construction company. MasTec (via subsidiary MasTec North America) bought all outstanding shares from seller Alan B. Roberts under a stock purchase agreement dated May 1, 2008, closing May 30, 2008.
Built out MasTec's midstream natural-gas pipeline construction capacity in Texas.
Oil and Gas segment (midstream pipeline)
Advisory firms were not disclosed for this transaction.