About This Deal

MasTec acquired Halsted Communications, Ltd. for approximately $4.0 million cash plus ~$7.9 million of assumed debt, per the FY2011 10-K, a transaction completed in June 2011, structured as cash.

Halsted Communications, Ltd. operates in Communications, is based in New York, Pennsylvania and New England, United States. Install-to-the-home contractor operating primarily in parts of New York, Pennsylvania and New England, whose primary customer was DIRECTV. MasTec acquired all outstanding capital stock effective June 30, 2011.

Extended MasTec's install-to-the-home footprint in the Northeast for its DIRECTV relationship.

Communications segment (install-to-the-home)

Deal Terms

Acquirer
MasTec
Target
Halsted Communications, Ltd.
Value
Approximately $4.0 million cash plus ~$7.9 million of assumed debt, per the FY2011 10-K
Date
June 2011
Type
Full acquisition
Status
Ready

Transaction Details

Target HQ
New York, Pennsylvania and New England, United States
Segment
Communications
Structure
Cash
Closed
June 30, 2011

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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