11:27 AM EDT, 10/01/2024 (MT Newswires) -- ConnectM Technology Solutions ( CNTM ) said Tuesday it has signed a master services agreement with Devlin Contracting and Maintenance, or Devlin Energy, in which ConnectM has the option to acquire Devlin Energy.

Under the terms of the MSA, ConnectM said it has the option to acquire Devlin around Sept. 30, 2025 at a valuation of $39 million based on Devlin reaching certain revenue and net income thresholds through 2028.

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