About This Deal

MasTec acquired Bottom Line Services, LLC (BLS) for approximately $78.7 million ($67.6M cash plus an $11.1M five-year earn-out), per the FY2013 10-K, a transaction completed in December 2012, structured as cash plus earn-out.

Bottom Line Services, LLC (BLS) operates in Oil and Gas, is based in Eastern Texas, United States. Natural-gas and petroleum pipeline infrastructure services company operating primarily in eastern Texas, providing pipeline and facilities construction, painting and maintenance. MasTec acquired all outstanding interests effective December 1, 2012.

Added self-perform pipeline construction and maintenance capacity in the active Texas gas basins.

Oil and Gas segment

Deal Terms

Acquirer
MasTec
Target
Bottom Line Services, LLC (BLS)
Value
Approximately $78.7 million ($67.6M cash plus an $11.1M five-year earn-out), per the FY2013 10-K
Date
December 2012
Type
Full acquisition
Status
Ready

Transaction Details

Target HQ
Eastern Texas, United States
Segment
Oil and Gas
Structure
Cash plus earn-out
Closed
December 1, 2012

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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