MasTec Adds Precision Pipeline In $150M Deal

Law360, New York (November 4, 2009, 5:04 PM EST) -- In a bid to strengthen its position in the growing U.S. natural gas sector, MasTec Inc. has added pipeline infrastructure services provider Precision Pipeline LLC for $150 million.

The deal, announced Tuesday, is subject to MasTec securing $75 million in financing. There is no breakup fee if that financing requirement is not met.

Eau Claire, Wis.-based Precision specializes in the development of large diameter pipelines used in long-haul, interstate transmission of oil and natural gas. MasTec says that the addition will complement its existing natural gas-gathering...
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