About This Deal

MasTec acquired Fabcor (Fabcor TargetCo Ltd.) for approximately $22.8 million cash plus ~$7.0 million of assumed debt and a five-year earn-out, per the FY2011 10-K, a transaction completed in April 2011, structured as cash plus earn-out.

Fabcor (Fabcor TargetCo Ltd.) operates in Oil and Gas, is based in Canada (British Columbia and western Canada). Canadian natural-gas and petroleum pipeline infrastructure construction group (Fabcor TargetCo Ltd. and subsidiaries Fabcor 2001 and Fabcor Pipelines B.C.). MasTec acquired all outstanding shares effective April 1, 2011 to expand its energy-infrastructure services in the Canadian market.

Expanded MasTec's energy-infrastructure footprint into the Canadian pipeline market ahead of anticipated buildout.

Oil and Gas segment

Deal Terms

Acquirer
MasTec
Target
Fabcor (Fabcor TargetCo Ltd.)
Value
Approximately $22.8 million cash plus ~$7.0 million of assumed debt and a five-year earn-out, per the FY2011 10-K
Date
April 2011
Type
Full acquisition
Status
Ready

Transaction Details

Target HQ
Canada (British Columbia and western Canada)
Segment
Oil and Gas
Structure
Cash plus earn-out
Closed
April 1, 2011

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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