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Coral Gables, FL (June 3, 2008) MasTec, Inc. (NYSE: MTZ) today announced that it has acquired Pumpco, Inc., a private company specializing in midstream oil and gas pipeline construction.
MasTec Inc. (MTZ) said Tuesday that it has acquired Texas-based oil and gas pipeline builder Pumpco Inc. The company noted that the purchase price was $44 million plus a 5 year earn out that provides for additional incentive payments if certain financial threshold returns are met.
Pumpco was acquired by MasTec.
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