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Big Country acquired by Mastec

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by Journal Of Commerce

MasTec, Inc. has acquired Big Country Energy Services Inc., and its affiliated operating companies, which are known as Big Country, a Calgary-based oil and gas pipeline and facility construction services company.

MasTec, Inc. has acquired Big Country Energy Services Inc., and its affiliated operating companies, which are known as Big Country, a Calgary-based oil and gas pipeline and facility construction services company.

MasTec acquired all of the issued and outstanding equity interests of Big Country for about $103 million in cash, the assumption of about $24 million in debt, plus a 5-year contingent earn-out.

Big Country has worked for a variety of energy and pipeline companies, including Shell, Canadian Natural Resources Ltd., Enbridge, Suncor, Encana, Husky, ConocoPhillips and Cenovus Energy.

Big Country had a strong balance sheet at closing, with about $53 million in tangible net worth. ..cJOC NEWS SERVICES

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