MasTec Acquires Halsted Communications for $14.6M

MasTec, Inc. MTZ today announced that it has acquired Halsted Communications, Ltd., an install-to-the-home contractor operating primarily in portions of New York, Pennsylvania, and New England. Halsted's primary customer is DIRECTV. MasTec acquired all of the issued and outstanding capital stock of Halsted for $4.0 million in cash, with no earnout. Additionally, MasTec acquired assets, assumed debt and liabilities of $10.6 million for total consideration of approximately $14.6 million. The purchase price is subject to customary post-closing adjustments.