Article: United States: MasTec To Buy Precision Pipeline For $150 Million.

Byline: shiv03

MasTec, Inc. said it has signed a definitive agreement to acquire Precision Pipeline, LLC for $150 million, subject to certain purchase price adjustments and an earnout.

Eau Claire, Wisconsin-based Precision Pipeline is a natural gas, crude oil and refined products transmission pipeline infrastructure services provider in North America

MasTec said transaction is contingent on financing availability on terms and conditions acceptable to MasTec, and there is no break-up fee if such financing is not available.

Precision specializes in the construction and maintenance ...

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