Foxcode’s Principals acted as exclusive advisors & subsequently became the acting President of the nsoro/MasTec division. Foxcode was introduced to nsoro, LLC, a telecommunications service provider, in 2006, when it was privately owned and producing roughly $90 million in revenue with 9% EBITDA margins. In July 2008, after months of negotiating and completing the due diligence process in conjunction with potential acquirers’ bankers and internal resources, Foxcode was able to consummate a sale of nsoro to MasTec, Inc. (NYSE: MTZ) for a large upfront sum of money with an eight year earn out of 50% of EBT. Due to the strong financial backing of MasTec, nsoro was able to win a large “turfing” contract with AT&T, which essentially awards all of AT&T’s service work in eight US states to nsoro MasTec (the combined entity’s name). Within 18 months of the sale, nsoro’s revenues were approaching $500 million and projected to top $600 million the following year while also increasing EBITDA margins to approximately 11%.