Profile: Quanta Services Inc (PWR)
21 Aug 2014
Quanta Services, Inc., incorporated on August 19, 1997, (Quanta) is a provider of specialty contracting services, offering infrastructure solutions primarily to the electric power and natural gas and oil pipeline industries. The services the Company provides include the design, installation, upgrade, repair and maintenance of infrastructure within each of the industries the Company serves, such as electric power transmission and distribution networks, substation facilities, renewable energy facilities and pipelines transmission, gathering and distribution systems and facilities. It operates in three segments: electric power infrastructure services, natural gas and pipeline infrastructure services and fiber optic licensing and other. On December 3, 2012, Quanta’s domestic telecommunications infrastructure services operations and related subsidiaries were sold to Dycom Industries, Inc. Effective August 14, 2013, Quanta Services Inc acquired JW Didado Electric Inc, an electric utility company. Effective July 29, 2013, Quanta Services Inc acquired Nacap Australia Pty Ltd.
Electric Power Infrastructure Services Segment
The Electric Power Infrastructure Services segment provides network solutions to customers in the electric power industry. Services performed by the Electric Power Infrastructure Services segment generally include the design, installation, upgrade, repair and maintenance of electric power transmission and distribution networks and substation facilities along with other engineering and technical services. This segment also provides emergency restoration services, including the repair of infrastructure damaged by inclement weather, and the energized installation, maintenance and upgrade of electric power infrastructure utilizing bare hand and hot stick methods and the Company's robotic arm technologies, as well as the installation of smart grid technologies on electric power networks. In addition, this segment designs, installs and maintains renewable energy generation facilities, in particular solar and wind, and related switchyards and transmission networks.
Natural Gas and Pipeline Infrastructure Services Segment
The Natural Gas and Pipeline Infrastructure Services segment provides network solutions to customers involved in the transportation of natural gas, oil and other pipeline products. Services performed by the Natural Gas and Pipeline Infrastructure Services segment generally include the design, installation, repair and maintenance of pipeline transmission and distribution systems, gathering systems and compressor and pump stations, as well as related trenching, directional boring and automatic welding services. In addition, this segment's services include pipeline protection, integrity testing, rehabilitation and replacement and fabrication of pipeline support systems and related structures and facilities.
Fiber Optic Licensing and Other Segment
The Fiber Optic Licensing and Other segment designs, procures, constructs, maintains and owns fiber optic telecommunications infrastructure in select markets and licenses the right to use these point-to-point fiber optic telecommunications facilities to its customers pursuant to licensing agreements with terms from 5 to 25 years, inclusive of certain renewal options. Under these agreements, customers are provided the right to use a portion of the capacity of a fiber optic network, with the network owned and maintained by the Company. The Fiber Optic Licensing and Other segment provide services to enterprise, education, carrier, financial services and healthcare customers, as well as other entities with high bandwidth telecommunication needs. The telecommunication services primarily provided through this segment are subject to regulation by the Federal Communications Commission and certain state public utility commissions. The Fiber Optic Licensing and Other segment also provide range of telecommunications infrastructure services on a limited and ancillary basis, primarily to the Company's customers in the electric power industry.
Quanta Services Inc
SUITE 2600, 2800 POST OAK BLVD
HOUSTON TX 77056-6175