Strategic acquisitions for Quanta Services
Sep. 09, 2019 7:47 AM ETQuanta Services, Inc. (PWR)PWRBy: Yoel Minkoff, SA News Editor
- Quanta Services (NYSE:PWR) has completed the acquisition of The Hallen Construction, a leading and sizeable gas utility contractor serving key strategic markets in the northeast U.S.
- Additionally, Quanta recently completed the acquisition of two specialty utility foundation and pole-setting contractors serving the southeast U.S. The aggregate consideration paid for these companies was approximately $330M.
- The acquisition is expected to accelerate path to achieving medium-term target pipeline and industrial segment margins, and is estimated adjusted EPS accretion of at least $0.20 in 2020 without synergies.