nyse pwr s & p 500 component founded 1997 headquarters williams tower houston texas revenue 7.57 billion usd 2015 1 number of employees 26 000 website www.quantaservices.com quanta services is a u.s. corporation that provides engineering procurement and construction services for electric power infrastructure and oil and gas infrastructure industries and formerly for telecommunications and broadband cable . capabilities include the planning design installation maintenance and repair of most types of network infrastructure . in june 2009 quanta services was added to the s & p 500 index replacing ingersoll rand . 2 quanta services employs about 26 000 people approximately 2 300 of which are salaried . its operating companies achieved combined revenues of about 7.57 billion in 2015 . 1 it is headquartered in houston texas . in 1998 quanta went public on the new york stock exchange under the ticker symbol pwr . 3 contents 1 overview 2 current leadership 3 colson and par 4 initial formation 5 initial public offering 6 attempted takeover 7 sale of telecommunication and fiber optic licensing divisions 8 large acquisitions 9 awards 10 lower rio grande valley energized reconductor project 11 operating units 12 references 13 external links overview edit quanta services was founded in 1997 to create an integrated comprehensive and nationwide network of infrastructure contractors to meet the evolving needs of electric utility and telecommunications companies . with deregulation driving fundamental changes in the electric power industry the founders anticipated a dramatic expansion in outsourcing of the design installation repair and maintenance of power transmission and power distribution networks . the company quickly grew from 152 million in revenue in its first year to more than 2 billion in 2000 . in addition to the telecommunications and power industries quanta soon started to develop capabilities in natural gas infrastructure and has also expanded into a variety of specialty services . a list of their main services are listed below . electric power transmission distribution engineering power plants facilities specialty services renewable power wind solar etc. oil and gas contractor pipeline construction integrity solutions facilities construction offshore and upstream services trucking logistics field services trenching engineering services tank construction power plant construction hdd horizontal directional drilling industrial engineering and construction current leadership edit on march 14 2016 earl c. duke austin succeed former chief executive officer jim o neil . austin is currently president chief executive officer and chief operating officer . he is a graduate of sam houston state university in huntsville texas and is the former president of quanta s operating unit north houston pole line . 4 on april 2 2012 derrick a. jensen succeed former chief financial officer james h. haddox . jensen is a graduate of oklahoma state university . 5 colson and par edit the man behind the creation of quanta services is former executive chairman john r. colson . 6 after earning a degree in geology from the university of missouri at kansas city colson entered the military and served one year in vietnam . he was discharged from the army in 1971 and returned to kansas city taking temporary employment at par electrical contractors inc. which built high voltage transmission lines distribution lines and substations and provided other electric utility infrastructure services . colson s initial job was to carry stakes for a survey team . within three years he was named manager of engineering services and after six he had worked his way up to vice president of operations . after becoming executive vice president and general manager in the early 1980s he began buying the company became president in 1991 and ultimately emerged as its owner . initial formation edit in the 1990s the electrical contracting business was highly fragmented populated by more than 50 000 companies the vast majority of which were small owner operated enterprises . deregulation in the electric utility industries in a number of states prompted utilities to become more cost competitive leading to the outsourcing of infrastructure work to contractors who could do the job more efficiently . moreover much of the transmission and distribution infrastructure in the united states was aging and in need of repair or replacement . in 1997 colson spearheaded the combination of four contractors to form quanta services inc. which then established its headquarters in houston with colson as its head . 7 in addition to par quanta consisted of union power construction co. trans tech electric inc. and potelco inc. initial public offering edit with bt alex brown incorporated bancamerica robertson stephens and sanders morris mundy inc. serving as underwriters quanta completed its ipo in february 1998 raising 45 million . of that amount 21 million was used to pay the cash portion of the buyouts of the four founding companies . much of the balance along with a 175 million line of credit arranged with a consortium of nine banks was used on over a dozen acquisitions completed in 1998 . acquired telecom companies included manuel brothers ; smith contracting ; telecom network specialists ; north pacific construction company ; noram telecommunications ; spalj construction company ; and golden state utility company . acquired electric contractors included harker & harker ; sumter builders ; and environmental professional associates . hybrid acquisitions included wilson roadbores and underground construction company . a secondary offering was completed in late january 1999 . the company had planned to sell 3.5 million shares at 21 per share but interest was so strong that in the end 4.6 million shares were sold at 23.25 per share . all told quanta realized 101.1 million money used to fund the acquisition of 40 additional companies which in total cost 323.6 million in cash and notes and 15 million shares of stock . many of these additions were made to expand quanta s business in gas transmission and cable television . attempted takeover edit in 2001 utilicorp united inc. now aquila inc. an energy company with whom par had been doing business since the 1950s began taking steps to gain control of quanta . 8 utilicorp owned about 36 percent of quanta an investment that was originally part of a strategic alliance when utilicorp outsourced all of its maintenance needs to quanta . quanta resisted and in october 2001 the two parties signed a standstill agreement . a month later quanta adopted a poison pill plan to prevent a takeover prompting utilicorp to sue . a proxy fight ensued in the spring of 2002 . quanta maintained that utilicorp which was enduring difficult times wanted to gain controlling interest in order to consolidate quanta s earnings with its own balance sheet . the fight came to an end in may 2002 as quanta fended off the takeover bid . 9 sale of telecommunication and fiber optic licensing divisions edit on november 20 2012 quanta services sold its telecommunications subsidiaries for 275 million in cash to dycom . on august 4 2015 quanta services sold its fiber optic licensing operations sunesys to crown castle international corp. nyse cci for approximately 1 billion in cash . large acquisitions edit 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 . 10 this acquisition received popular attention after being given positive coverage on jim cramer s mad money show 11 in smart money 12 and in thestreet . 13 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 . 14 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 . 15 awards edit 361 2015 fortune 500 list 1 2015 engineering news record specialty contractor 1 2015 largest transmission and distribution contractor in north america 1 2015 largest pipeline contractor in north america 4 2015 forbes most trustworthy large cap companies 7 2016 fleet owners top truck fleets in the u.s. 32 2015 solar power world contractor ranking lower rio grande valley energized reconductor project edit on june 13 2016 american electric power aep received the 89th annual edison electric institute s eei s 2016 edison award the electric power industry s most prestigious honor for its energized reconductor project in the lower rio grande valley lrgv of texas . the 240 mile project was possible because of quanta energized services qes live line planning capabilities and north houston pole line s construction expertise . 16 operating units edit quanta services has a large number of operating units that can broadly be classified into electric & gas services . each typically operates independently . a list of current quanta services operating companies is provided below . quanta s north america electric power operating units allteck line contractors brent woodward inc. brink constructors can fer computapole crux subsurface inc. dacon dashiell corporation dnr pressure welding ltd. ehv power hargrave power intermountain electric infrasource irby construction jcr construction company longfellow drilling services m.j. electric mears group north houston pole line northern powerline constructors inc. northstar nova par electrical contractors phasor engineering inc. phoenix power group potelco probst electric quanta energized services quanta technology realtime utility engineers ryan company service electric company summit line construction sumter utilities tc infrastructure services underground construction company utilimap corporation valard construction winco powerline services quanta s north america natural gas operating units 1 diamond arnett & burgess pipelines ltd. banister canadian utility construction can fer h.l. chapman infrasource jet tank services mears group m.g. dyess microline north houston pole line northstar energy services formerly bradford brothers inc. and flint construction company o.j. pipelines par electrical contractors performance energy services price gregory quanta marine q inline qps engineering rms welding services t.g. mercer underground construction company quanta s international operating units quanta power solutions inda quanta services africa quanta services australia coe drilling au consolidated power projects au enscope au mears integrity au nacap au nj construction au quanta services latin america references edit a b quanta services 2015 annual report pdf . august 28 2016 . reuters s & p 500 adds quanta services drops ingersoll rand june 4 2009 . 1 http investors.quantaservices.com 2016 03 14 quanta services announces ceo transition chief operating officer earl duke austin named chief executive officer http investors.quantaservices.com 2012 04 02 james h haddox cfo of quanta services to assume role as executive vice president in may 2012 svp derrick a jensen to become cfo leadership shinkle kirk quanta services john colson his hard wired dedication helped build up contractor investor s business daily may 11 2000 p. a04 . korman richard big investor fights contractor for control of the company enr february 18 2002 p. 17 . aquila quanta agree to end proxy fight for board control wall street journal may 21 2002 p. b6 . forbes quanta bids 1.3 b for rival contractor infrasource march 19 2007 . mad money quanta power november 15 2007 . smart money fixing the power grid november 16 2007 . thestreet.com should you buy it quantifying quanta services feb. 7 2008 . wsj.com quanta to acquire price gregory september 3 2009 . quanta services acquires valard construction . retrieved 26 october 2010 . 2 external links edit dashiell dillard smith irby construction mj electric north houston pole line official quanta services website par electrical contractors inc. potelco quanta energized services quanta technology realtime utility engineers sunesys mears group t.g. mercer retrieved from https en.wikipedia.org w index.php title quanta services & oldid 743465955 categories companies listed on the new york stock exchangecompanies based in houstonconstruction and civil engineering companies of the united statesengineering companies of the united states navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit