Overview
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. This includes several non-contracting businesses such as Quanta Technology (consulting), Realtime Utility Engineers (design engineering for power), and Engineering Associates (design engineering for telecom).
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