About This Deal

MasTec acquired Optima Network Services, Inc. for approximately $5.1 million cash plus ~$2.2 million assumed debt and a five-year earn-out, per the FY2011 10-K, a transaction completed in June 2011, structured as cash plus earn-out.

Optima Network Services, Inc. operates in Communications, is based in California, United States. California-headquartered wireless infrastructure services company. MasTec acquired all outstanding shares effective June 1, 2011 to add self-perform wireless build capacity.

Grew MasTec's self-perform wireless infrastructure capacity for carrier customers.

Communications segment

Deal Terms

Acquirer
MasTec
Target
Optima Network Services, Inc.
Value
Approximately $5.1 million cash plus ~$2.2 million assumed debt and a five-year earn-out, per the FY2011 10-K
Date
June 2011
Type
Full acquisition
Status
Ready

Transaction Details

Target HQ
California, United States
Segment
Communications
Structure
Cash plus earn-out
Closed
June 1, 2011

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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