Quanta Services Acquires InfraSource
Quanta Services Inc.'s (Houston, Texas, U.S.) acquisition of InfraSource Services is now complete. Through an all-stock merger, InfraSource Services is now a wholly owned subsidiary of Quanta. The acquisition provides Quanta with expanded tools and resources to build the infrastructure required to meet the growing demand for electric power.
“Our strategy remains clear: deliver value to our stockholders, quality infrastructure services to our customers and growth opportunities for our employees,” says John R. Colson, chairman and CEO. “This acquisition enhances our engineering, distribution and transmission capabilities, substation construction services, gas distribution capabilities and industrial service offerings and adds a unique dark fiber leasing business.”
Quanta's board now includes three former InfraSource directors, David R. Helwig, Frederick W. Buckman and J. Michal Conaway.
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