MasTec Acquires Canadian Oil and Gas Pipeline and Facilities Contractor Big Country Energy Services Inc.

MasTec Acquires Canadian Oil and Gas Pipeline and Facilities Contractor Big 
Country Energy Services Inc. 
CORAL GABLES, Fla., May 30, 2013 /CNW/ - MasTec, Inc. (NYSE: MTZ) today 
announced that it has acquired Big Country Energy Services Inc., and its 
affiliated operating companies (collectively, "Big Country"), a North American 
 oil and gas pipeline and facility construction services company headquartered 
in Calgary, Canada.  The Company also has construction offices in Alberta, 
British Columbia and Saskatchewan, as well as in Wyoming and North Dakota. 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 
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 had a strong balance sheet at closing, with approximately $53 million 
in tangible net worth. Additionally, Big Country has a strong customer base 
and has worked for a variety of significant energy and pipeline companies, 
including Shell, Canadian Natural Resources Ltd, Enbridge, Suncor, Encana, 
Husky, ConocoPhillips and Cenovus Energy. 
With approximately 1,200 employees and 600 pieces of construction equipment, 
Big Country significantly expands MasTec's ability to take advantage of the 
rapidly expanding opportunities anticipated for energy infrastructure work in 
North America in the coming years.  Big Country also has an excellent safety 
Jose Mas, MasTec's Chief Executive Officer, commented, "We are very excited 
about the Big Country acquisition. This acquisition is consistent with our 
recent public comments regarding our expansion plans in Canada's dynamic 
energy sector." 
Mr. Mas continued, "Big Country has an excellent management team and has 
consistently been named as one of Canada's 50 Best Managed Companies in the 
annual national award sponsored by Deloitte, CIBC Banking, the National Post 
and Queens School of Business.  Big Country has received Platinum status in 
the award program for seven consecutive years.  I am excited that Big Country 
is now an important part of MasTec's plan for future growth." 
Additional details will be provided on the second quarter earnings conference 
call, tentatively scheduled for 9:00amAugust 2(nd). 
MasTec, Inc. is a leading infrastructure construction company operating mainly 
throughout North America across a range of industries. The Company's 
activities include the engineering, building, installation, maintenance and 
upgrade of energy, communication and utility infrastructure, such as: 
electrical utility transmission and distribution, natural gas and petroleum 
pipeline infrastructure, wireless, wireline and satellite communications, wind 
farms, solar farms, and other renewable energy, and industrial infrastructure. 
MasTec's customers are primarily in these industries. The Company's corporate 
website is located at  Jose Mas, CEO of MasTec, has led the 
Company since April of 2007. 
This press release contains forward-looking statements within the meaning of 
the Private Securities Litigation Reform Act. These statements are based on 
management's current expectations and are subject to a number of risks, 
uncertainties, and assumptions, including further or continued economic 
downturns, reduced capital expenditures, reduced financing availability, 
customer consolidation and technological and regulatory changes in the 
industries we serve; market conditions, technical and regulatory changes that 
affect us or our customers' industries; our ability to accurately estimate the 
costs associated with our fixed-price and other contracts and performance on 
such projects; our ability to replace non-recurring projects with new 
projects; our ability to retain qualified personnel and key management, 
including from acquired businesses, enforce any noncompetition agreements, 
integrate acquired businesses within the expected timeframes and achieve the 
revenue, cost savings and earnings levels from such acquisitions at or above 
the levels projected; the impact of the American Recovery and Reinvestment Act 
of 2009, the American Taxpayer Relief Act of 2012  and any similar local or 
state tax legislation and other regulations affecting renewable energy, 
electrical transmission, broadband and related projects and expenditures; the 
effect of state and federal regulatory initiatives, including costs of 
compliance with existing and future environmental requirements; our ability to 
attract and retain qualified managers and skilled employees; trends in oil and 
natural gas prices; increases in fuel, maintenance, materials, labor and other 
costs;  fluctuations in foreign currencies; the timing and extent of 
fluctuations in geographic, weather, equipment and operational factors 
affecting the industries in which we operate; any material changes in 
estimates for legal costs or case settlements or adverse determinations on any 
claim, lawsuit or proceeding; the highly competitive nature of our industry; 
our dependence on a limited number of customers; the ability of our customers, 
including our largest customers, to terminate or reduce the amount of work, or 
in some cases prices paid for services on short or no notice under our 
contracts; the impact of any unionized workforce on our operations, including 
labor availability and relations; liabilities associated with multiemployer 
union pension plans, including underfunding and withdrawal liabilities, for 
our operations that employ unionized workers; any liquidity issues related to 
our securities held for sale; the adequacy of our insurance, legal and other 
reserves and allowances for doubtful accounts; any exposure related to our 
divested state Department of Transportation projects and assets; restrictions 
imposed by our credit facility, senior notes, convertible notes and any future 
loans or securities; the outcome of our plans for future operations, growth 
and services, including business development efforts, backlog, acquisitions 
and dispositions; any dilution or stock price volatility which shareholders 
may experience in connection with shares we may issue as consideration for 
earn-out obligations in connection with past or future acquisitions, or as a 
result of  conversions of convertible notes or other stock issuances;  as well 
as other risks detailed in our filings with the Securities and Exchange 
Commission. Actual results may differ significantly from results expressed or 
implied in these statements.  We do not undertake any obligation to update 
forward-looking statements. 
J. Marc Lewis, Vice President-Investor Relations, 305-406-1815, 305-406-1886 
SOURCE: MasTec, Inc. 
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CO: MasTec, Inc.
ST: Florida
-0- May/30/2013 12:02 GMT
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