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MasTec buys Texas pipeline company Pumpco

By Associated Press
June 3, 2008 | Comments (0)

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MasTec Inc., which builds communication and utility infrastructure, said Tuesday it bought Pumpco Inc., which builds petroleum pipelines.

Privately held Pumpco, based in Giddings, Texas, had annual revenue of about $70 million last year.

The total purchase price was $44 million plus a five-year earnout, said MasTec, which arranged a $22.5 million equipment financing facility in connection with the acquisition.

MasTec expects the acquisition to add to earnings this year.

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DocumentId: 656767, ~/articles/articlehandler.aspx, 12/1/2008 9:21:04 AM,

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