Two firms counting on contracts from electrical transmission grid upgrades are combining. Quanta Services Inc., Houston, is acquiring Infrasource Services Inc., Media, Pa., in an all-stock deal valued at $1.26 billion. The deal enhances Quanta’s natural gas pipeline business, which provides 30% of Infrasource’s revenue. The companies will combine operations and share equipment, says Quanta CEO John Colson.
Quanta, Infrasource To Merge
March 26, 2007