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PCCA Journal|1

st

Quarter 2010

43

Member News

New 3-Ton Grundowinch

from TT Technologies

T

T Technologies has introduced a 3-ton winch to

its line of Grundowinch hydrostatic constant-

tension winches. Ideal for pulling CIPP liners,

fold and form liners, conventional and specialty

sliplining, CCTV, and cable through innerduct, the

new Grundowinch is a unique winch for the trenchless

contractor.

The Grundowinch can pull up to 3,280 feet of 3/8-

inch cable at pulling speeds of up to 160 feet per min-

ute. In addition to a 3-ton pulling capacity, the winch

offers infinite speed

control through-

out the pulling

range. The

new winch is compact and highly portable for pulling

in easements and backyards, and it also features a level

winding mechanism and a twin capstan cable manage-

ment system.

A-D Technologies Sells Equipment

Business to Plumettaz Inc.

O

n December 11, A-D Technologies announced

the sale of its cable laying equipment busi-

ness marketed under the ARNCO brand name

to Plumettaz Inc., a subsidiary of Plumettaz

Holding SA, makers of the Plumett brand of cable

laying equipment. Concurrent with this sale, the two

companies have entered into a distribution agreement

where A-D Technologies will continue to offer placing

equipment and trailers under the ARNCO name that

are provided by Plumettaz Inc. And from the middle of

2010, A-D Technologies will also offer the full range of

Plumett brand jetting and cable placing equipment in

North America, including new equipment specifically

designed for laying power cable.

Plumettaz has a strong history as a leading global

M

asTec, Inc. announced

in November that it had

completed the acquisition

of Precision Pipeline, LLC,

and its related affiliate. The transac-

tion included a payment of $132

million in cash, the assumption of

$34 million of Precision’s debt, and

an earnout.

The acquisition extends MasTec’s

presence into the interstate pipe-

line industry and will complement

MasTec’s existing energy infrastruc-

ture service offerings, which include

natural gas gathering systems, mid-

stream pipelines, processing plants,

and compression stations. The

acquisition also expands MasTec’s

pipeline geographical coverage. With

the acquisition of Precision, MasTec

becomes one of the leading pipeline

contractors nationwide, capable of

providing end-to-end construction

services to oil and gas producers, as

well as to mid-stream and interstate

natural gas and petroleum pipeline

operators.

MasTec believes that U.S. energy

policy goals will continue to favor

clean, domestic sources of energy,

and the company expects to be a

leading player in that effort in both

renewable energy and natural gas

pipeline construction. With recent

developments in drilling and com-

pletion technologies for oil and gas,

particularly the new shale gas fields,

MasTec expects new production

fields to be developed and old fields

to be expanded. MasTec expects that

the resulting incremental production

will provide continuing construction

opportunities as oil and gas produc-

ers and pipeline operators move oil,

gas, and refined products to markets

via pipelines.

Precision has experienced signifi-

cant growth over the past several

years and generated $303 million of

revenue and $37 million in EBITDA

in 2007 and $507 million of revenue

and $93 million in EBITDA in 2008.

For the full year of 2009, Precision

estimates revenue of slightly less

than $300 million and EBITDA of

about $60 million. As of September

30, 2009, Precision had more than

$500 million in backlog.

“We are very pleased with the

acquisition of Precision,” said Jose

Mas, MasTec’s president and CEO.

“Precision’s strong management

team and dedicated workforce will

provide MasTec with additional

capacity and exposure to the natu-

ral gas and petroleum industry in

markets which we expect will show

significant profitable growth in the

years to come.”

MasTec Closes Precision Pipeline Acquisition

Continued on page 44