With capabilities around North America, we provide world-class execution with local delivery. HOUSTON, July 21, 2017 /PRNewswire/ -- Quanta Services, Inc. (NYSE:PWR) announced today that it has completed the acquisition of Stronghold, Ltd. …
Under the terms of the merger agreement, InfraSource stockholders will receive total consideration equal to 1.223 shares of Quanta common stock for each outstanding share of InfraSource common stock. Of the shares voted, 99.8 percent voted for the approval of the issuance of shares. Quanta Services provides end-to-end solutions across the various industries we serve. Approximately 100 million of Quanta's total outstanding shares, or approximately 84.1 percent, voted. "Quanta announced that at a special meeting of the Quanta stockholders held in Houston, its stockholders approved the issuance of the additional shares of Quanta common stock that will be issued to InfraSource stockholders pursuant to the merger agreement referenced above. "National Grid and Eversource have partnered to propose a project that will cost-effectively meet the region's reliability needs and allow the timely closure of the Mystic station," said Rudy Wynter, National Grid's president and COO of Wholesale Networks & U.S. Capital Delivery. Quanta Services sees acquisitions as a fundamental component of its strategy to boost market share and develop incremental backlog.
Quanta Services sees acquisitions as a fundamental component of its strategy to boost market share and develop incremental backlog. The acquisition provides Quanta with expanded tools and resources to build the infrastructure required to meet the growing demand for electric power, gas and telecommunications services.Quanta Services, Inc. today announced the closing of the acquisition of InfraSource Services, Inc. through an all-stock merger in which InfraSource becomes a wholly owned subsidiary of Quanta.Cost-effective solution to ensure reliability when Mystic Generating Station retires in 2024.ISO-New England (ISO-NE) recently selected the Ready Path Solution, a collaboration between Eversource and National Grid, as a cost-effective solution to maintain grid reliability following the retirement of the Mystic Generating Station in 2024. ""Our existing board is further strengthened by the addition of three former InfraSource directors," said Colson. Yet in the 2020s, and based on extensive peer-reviewed research, we make five big and bold predictions linked to the future of energy systems and the social infrastructures that need them.Follow this news. In fact, in the first nine months of …
Of the shares voted, 99.9 percent voted for the approval of the transaction.The project will meet the reliability needs of the region, while installing an innovative, cost-effective solution that would have minimal community or environmental impact. As a result, we believe these acquisitions provide a repeatable and sustainable earnings profile that is complementary to our business and consistent with our strategy.Five Predictions as We Enter the Age of the Energy TransitionBased in Houston, Texas, Quanta Services has operations throughout the US and in select international markets such as Canada, Latin America and Australia.The deal comprised nearly $328m (£265.46m) paid in cash, subject to working capital adjustments, and approximately $2m (£1.62m) in stock.US-based Quanta Services has announced strategic acquisitions in the American marketFounded in 1927, Hallen serves key strategic markets in the northeast US.The US-based construction company has strong relationships with major utilities in the American market, primarily providing gas distribution and transmission services, as well as underground electric distribution and transmission services.Image: Quanta Services has acquired Hallen Construction and other contracting companies.
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