MasTec acquired Optima Network Services, Inc. for approximately $5.1 million cash plus ~$2.2 million assumed debt and a five-year earn-out, per the FY2011 10-K, a transaction completed in June 2011, structured as cash plus earn-out.
Optima Network Services, Inc. operates in Communications, is based in California, United States. California-headquartered wireless infrastructure services company. MasTec acquired all outstanding shares effective June 1, 2011 to add self-perform wireless build capacity.
Grew MasTec's self-perform wireless infrastructure capacity for carrier customers.
Communications segment
Advisory firms were not disclosed for this transaction.