MasTec Inc. (MTZ) announced it has acquired Big Country Energy Services Inc., and its affiliated operating companies, a North American oil and gas pipeline and facility construction services company headquartered in Calgary, Canada. MasTec acquired all of the issued and outstanding equity interests of Big Country for approximately $103 million in cash, the assumption of approximately $24 million in debt, plus a 5-year contingent earn-out.
Big Country's services include: oil, natural gas and natural gas liquids gathering systems and pipeline construction; pipeline modification and replacement services; compressor and pumping station construction; and other related services supporting the oil and gas production, processing and transportation industries. The company also has construction offices in Alberta, British Columbia and Saskatchewan, as well as in Wyoming and North Dakota.
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