Investment Summary

MasTec Invests In GlobeTec Construction

On March 1, 2008, MasTec invested in construction company GlobeTec Construction

Investment Highlights
  • This is MasTec’s 13th transaction in the Construction sector.
  • This is MasTec’s 12th transaction in the United States.
  • This is MasTec’s 3rd transaction in Florida.

Investment Summary

Date 2008-03-01
Target GlobeTec Construction
Sector Construction
Investor(s) MasTec
Deal Type Stake Purchase

Target

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.

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Investor(S) 1

Investor

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 15 of 30
Sector: Construction M&A 13 of 23
Type: Stake Purchase M&A Deals 4 of 4
State: Florida M&A 3 of 4
Country: United States M&A 12 of 24
Year: 2008 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-31 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
2008-05-30 Pumpco

Giddings, Texas, United States

Pumpco, Inc. is a specializing in midstream oil and gas pipeline construction.

Buy $44M