M&A Deal Summary

MasTec Acquires P&E Electric

On January 1, 1998, MasTec acquired construction company P&E Electric

Acquisition Highlights
  • This is MasTec’s 5th transaction in the Construction sector.
  • This is MasTec’s 4th transaction in the United States.
  • This is MasTec’s 1st transaction in Tennessee.

M&A Deal Summary

Date 1998-01-01
Target P&E Electric
Sector Construction
Buyer(s) MasTec
Deal Type Add-on Acquisition

Target

P&E Electric

Nashville, Tennessee, United States
P&E Electric Co., Inc. is a construction and maintenance of electric transmission and distribution systems.

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Buyer(S) 1

Buyer

MasTec

Coral Gables, Florida, United States

Category Company
Founded 1929
Sector Construction
Employees32,000
Revenue 12.0B USD (2023)
DESCRIPTION
MasTec's corporate headquarters in Coral Gables, Florida.
MasTec's corporate headquarters in Coral Gables, Florida.

MasTec is an infrastructure construction company operating mainly throughout North America. MasTec's primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility infrastructure, such as: wireless, wireline/fiber and satellite communications; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; power generation; and industrial infrastructure. MasTec was formed in 1929 and is based in Coral Gables, Florida.


DEAL STATS #
Overall 7 of 30
Sector (Construction) 5 of 23
Type (Add-on Acquisition) 5 of 24
State (Tennessee) 1 of 1
Country (United States) 4 of 24
Year (1998) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-01 Phasecom Systems

Toronto, Ontario, Canada

Phasecom Systems, Inc. is a construction company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-08 M.E. Hunter

Atlanta, Georgia, United States

M.E. Hunter, Inc. is a construction company.

Buy -