MasTec acquired Three Phase Line Construction, Inc. for $8.0 million cash plus an earn-out, a transaction completed in October 2007, structured as cash plus earn-out.
Three Phase Line Construction, Inc. operates in Power Delivery / electrical T&D, is based in Northern United States. Electrical transmission-and-distribution utility construction firm active in several northern states in construction, maintenance, substation and storm-restoration work, with a largely unionized workforce. MasTec acquired all outstanding shares in October 2007.
Added unionized electrical T&D construction capacity in the northern U.S.
Electrical transmission and distribution operations
Advisory firms were not disclosed for this transaction.