Add-on Acquisition • Construction

MasTec Acquires Pumpco

On May 30, 2008, MasTec acquired construction company Pumpco for 44M USD

Acquisition Context
  • This is MasTec’s 14th transaction in the Construction sector.
  • This is MasTec’s 9th largest (disclosed) transaction.
  • This is MasTec’s 13th transaction in the United States.
  • This is MasTec’s 1st transaction in Texas.

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M&A Deal Summary

Date May 30, 2008
Target Pumpco
Sector Construction
Buyer(s) MasTec
Deal Type Add-on Acquisition
Deal Value 44M USD

Target Company

Pumpco

Giddings, Texas, United States
Pumpco, Inc. is a specializing in midstream oil and gas pipeline construction.
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Buyer Overview 1

Buyer

MasTec

Coral Gables, Florida, United States

Category Company
Founded 1929
Sector Construction
Employees32,000
Revenue 12.3B USD (2024)
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 Context for Buyer #
Overall 16 of 30
Sector: Construction 14 of 23
Type: Add-on Acquisition 11 of 24
State: Texas 1 of 1
Country: United States 13 of 24
Year: 2008 2 of 4
Size (of disclosed) 9 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-01 GlobeTec Construction

Deerfield Beach, Florida, United States

GlobeTec Construction LLC is a water and wastewater treatment, transmission and distribution company providing turnkey solutions from initial design and consultation to project completion – whether the job requires construction management, design build services, mechanical, site-work, pipeline or roadway expertise.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-31 Nsoro

Chantilly, Virginia, United States

Nsoro LLC is a specializes in wireless network design, construction, upgrade and maintenance.

Buy $18M