Precision Pipeline, LLC has been acquired by MasTec, Inc.
November 2009 — The shareholders of Precision Pipeline, LLC, have sold their investment to MasTec, Inc., a specialty contractor for communications companies, utilities and government agencies throughout the USA. The sale included a payment of US$132 million in cash at the closing and the assumption of US$34 million in outstanding debt, which, together, represented more than twice the initial offer, with a negotiated five-year earnout program.
Precision Pipeline is a leader among construction contractors that build large-diameter transcontinental oil and natural gas pipelines in the United States.
MasTec designs, builds, installs, maintains and upgrades natural gas gathering systems, mid-stream pipelines, processing plants and compression stations. With this acquisition, MasTec becomes a leading pipeline contractor on a national basis, capable of providing end-to-end construction services to oil and gas producers as well as mid-stream and interstate natural gas and petroleum pipeline operators.
Our role in the transaction
Oaklins' team in Dallas, USA, advised the seller in this transaction.
Talk to the deal team
Bryan Livingston
Oaklins Capital Alliance
Related deals
The minority shareholders of JJ Tomé have sold their stake to Eiffage
The minority shareholders of JOÃO JACINTO TOMÉ, S.A. (JJ Tomé) have sold their remaining stake to Eiffage Énergie Systèmes, which was already the majority shareholder, giving the French group full ownership of the Portuguese business.
Learn moreKran og Industri Service has entered Denmark through the acquisition of Hytek
Kran og Industri Service (KIS), a leading provider of crane, lifting equipment and industrial service solutions, has acquired Hytek AS, a Danish specialist in hydraulic and mechanical services.
Learn moreGrupo LTN has entered into a strategic joint venture with Kingspan Group
Grupo LTN has entered into a strategic joint venture with Kingspan Group plc, a global leader in sustainable building solutions and high-performance insulation. The partnership between the Mendoza-based industrial group and the European multinational aims to strengthen Grupo LTN’s regional leadership and accelerate the adoption of dry construction and energy-efficient building solutions across Argentina and South America. It combines Grupo LTN’s regional expertise and industrial capabilities with Kingspan’s global technology, innovation and scale to support the company’s next phase of growth in South America.
Learn more