QUANTA SERVICES INC, QUANTA SERVICES MANAGEMENT ...
QUANTA SERVICES INC, QUANTA SERVICES MANAGEMENT ...
QUANTA SERVICES INC, QUANTA SERVICES MANAGEMENT ...
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Company Summary: <strong>QUANTA</strong> <strong>SERVICES</strong> <strong>INC</strong> - Business Description<br />
<strong>QUANTA</strong> <strong>SERVICES</strong> <strong>INC</strong> Business Description<br />
Date: December 05, 2012<br />
Location: 2800 Post Oak Blvd., Ste. 2600<br />
Copyright Hoover's Inc. ALL RIGHTS RESERVED. Austin, TX<br />
Distributed only in accordance with licensing agreement.<br />
Houston, TX77056-3023<br />
United States<br />
Phone: 713-629-7600<br />
Fax: 713-629-7676<br />
Toll-free:<br />
Website: http://www.quantaservices.com<br />
Ticker Information: Company Type: Public<br />
Stock Exchange: NYSE Ticker Symbol: PWR<br />
Business Description: To quickly quantify Quanta's services: This specialty contractor designs, installs, repairs, and<br />
maintains networ k infrastructure in the US and Canada. The company serves the electric, natural<br />
gas, oil pipeline, renewable energy, and telecommunications industries. Quanta, which was founded<br />
in 1997, also owns fiber optic telecommunications infrastructure. Quanta's other services include<br />
outsource management and other specialty work such as installing traffic and light rail control<br />
systems, directional drilling, and constructing wind and solar power facilities. More than 65% of the<br />
company's revenues come from its electric power infrastructure segment. It is exiting<br />
telecommunications infrastructure services.<br />
Quanta typically expands through acquisitions. Most recently the company has been focusing on<br />
expanding its capabilities and growing internationally. In 2011 Quanta acquired Coe Drilling, a<br />
horizontal directional drilling company in Australia. Canada also has been a target for growth for<br />
Quanta. In another 2011 deal Quanta bought McGregor Construction, an electric power infrastructure<br />
services company in Canada. Also that year Quanta acquired two other smaller businesses based in<br />
British Columbia. Both mainly provided electric power infrastructure services. The deals enhanced<br />
Quanta's previous electric power acquisition of Valard Construction in Canada. In a retreat from<br />
telecommunications infrastructure services business, Quanta has agreed to sell substantially all of its<br />
domestic telecommunications infrastructure services operations to Dycom Industries for $275 million.<br />
The sale, which will allow Quanta to better focus on energy infrastructure, is expected to close by the<br />
end of 2012.<br />
Also in 2011 Quanta expanded its electric power infrastructure services in the US when it acquired<br />
Utilimap, a provider of geographic information system utility asset management services.<br />
Several trends in the market place present Quanta with opportunities to grow. Demand for electricity<br />
in North America continues to increase. However, the electric power grid system is aging. Quanta is<br />
positioned to make system upgrades and demand for its services should increase.<br />
Renewable energy such as wind and solar also presents opportunities for Quanta. As demand for<br />
those energy sources increases, so will demand for services such as transmission line installation<br />
and project management.<br />
Quanta also sees potential for growth in the natural gas segment. Development of gas shale<br />
(C) Thomson Reuters | <strong>QUANTA</strong> <strong>SERVICES</strong> <strong>INC</strong> ... Company Report 4
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