Large Acquisitions
On August 30, 2007, Quanta Services acquired InfraSource Services (NYSE: IFS) through an all stock deal. Before the merger, Engineering News-Record ranked Quanta Services as the second-largest specialty contractor in the United States and InfraSource Services as No. 8. This acquisition received popular attention after being given positive coverage on Jim Cramer's Mad Money show, in Smart Money, and in TheStreet.
In September 2009, Quanta Services announced that a deal had been struck to acquire Price Gregory, the largest U.S. gas pipeline construction company, for $350 million. With this acquisition, Quanta Services is expected to have consolidated 2009 revenue of $4.4 billion.
On October 22, 2010, Quanta Services announced agreement to acquire Canada's largest electric power line contractors 'Valard Construction' for approximately US$219 million.
Read more about this topic: Quanta Services
Famous quotes containing the word large:
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—Henry David Thoreau (1817–1862)