M&A Deal Summary

MasTec Acquires Three Phase Line Construction

On October 10, 2007, MasTec acquired construction company Three Phase Line Construction for 8M USD

Acquisition Highlights
  • This is MasTec’s 10th transaction in the Construction sector.
  • This is MasTec’s 14th largest (disclosed) transaction.
  • This is MasTec’s 9th transaction in the United States.
  • This is MasTec’s 1st transaction in New Hampshire.

M&A Deal Summary

Date 2007-10-10
Target Three Phase Line Construction
Sector Construction
Buyer(s) MasTec
Deal Type Add-on Acquisition
Deal Value 8M USD

Target

Three Phase Line Construction

Farmington, New Hampshire, United States
Three Phase Line Construction, Inc. is a provider in the construction and maintenance of transmission and distribution utility systems, substation and storm restoration in several northern states.

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Buyer(S) 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 STATS #
Overall 12 of 30
Sector: Construction M&A 10 of 23
Type: Add-on Acquisition M&A Deals 9 of 24
State: New Hampshire M&A 1 of 1
Country: United States M&A 9 of 24
Year: 2007 M&A 2 of 4
Size (of disclosed) 14 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 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
2007-12-20 Power Partners

Charlotte, North Carolina, United States

Power Partners LLC is an electrical utility contractor specializing in wind farm construction.

Buy $6M