M&A Deal Summary

MasTec Acquires WesTower Communications

On October 20, 2014, MasTec acquired communications company WesTower Communications from Exchange Income for 199M USD

Acquisition Highlights
  • This is MasTec’s 3rd transaction in the Communications sector.
  • This is MasTec’s 5th largest (disclosed) transaction.
  • This is MasTec’s 20th transaction in the United States.
  • This is MasTec’s 4th transaction in Florida.

M&A Deal Summary
Date 2014-10-20
Target WesTower Communications
Sector Communications
Buyer(s) MasTec
Sellers(s) Exchange Income
Deal Type Divestiture
Deal Value 199M USD

Target

WesTower Communications

Orlando, Florida, United States
WesTower Communications, Inc. is a telecommunications services firm, focusing on construction and maintenance of communications infrastructure related to wireless networks throughout the United States.

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Buyer(S) 1

Buyer

MasTec

Coral Gables, Florida, United States
Category Company
Founded 1929
Sector Construction
Employees32,000
Revenue 12.0B 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 26 of 30
Sector (Communications) 3 of 3
Type (Divestiture) 2 of 2
State (Florida) 4 of 4
Country (United States) 20 of 24
Year (2014) 3 of 3
Size (of disclosed) 5 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-30 Pacer Construction Holdings

Calgary, Alberta, Canada

Pacer is a contractor in Western Canada, focusing on infrastructure construction supporting the oil and gas production/processing, mining and transportation industries. Pacer is headquartered in Calgary, Alberta, Canada and also has a strong presence in, among other locations, Fort McMurray, Fort McKay and Edmonton, Alberta and Regina, Saskatchewan.

Buy $126M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-04 FNF Construction

Tempe, Arizona, United States

FNF Construction Company is an infrastructure-construction company, specializing in asphalt/rubberized-asphalt paving and to a lesser degree, structural concrete building, highway/airport runway painting, and drainage/storm-water system construction. The Company generally serves as the prime contractor for public sector customers such as federal, state and local governmental authorities in the states of Arizona, Colorado, Nevada, Utah, New Mexico and to a lesser degree in Southern California. FNF Construction was founded in 1984 and is based in Tempe, Arizona.

Buy -

Seller(S) 1

SELLER

Exchange Income

Winnipeg, Manitoba, Canada
Category Company
Founded 2002
Sector Diversified
Employees4,340
Revenue 2.5B CAD (2023)
DESCRIPTION

Exchange Income is a diversified acquisition-oriented company, focused in three sectors: aviation services and equipment, metal manufacturing, and infrastructure services. The Aviation segment consists of the operations by Perimeter Aviation, Keewatin Air, Calm Air International, Bearskin Lake Air Service, Custom Helicopters and Regional One. The Manufacturing segment consists of the operations by Jasper Tank, Overlanders Manufacturing, Water Blast Manufacturing, and Stainless Fabrication. The Infrastructure segment consists of the operation of WesTower Communications (Canada). Exchange Income was founded in 2002 and is based in Winnipeg, Canada.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-15 Regional One

Miami, Florida, United States

Regional One, Inc. is a purchaser, lessor and seller of aircraft, aircraft parts, engines and engine parts and other related support items applicable to the Regional / Commuter aircraft worldwide.

Buy $74M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-12 Provincial Aerospace

St. John's, Newfoundland, Canada

Provincial Aerospace Ltd. is a provider in intelligence, surveillance, reconnaissance and maritime patrol aircraft operations and systems and is a vertically integrated aerospace and defence company focused on mission systems design and integration, aircraft modifications, surveillance operations, logistics and in-service support.

Buy $246M
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