Quanta Technology - Quanta Acquisition and Name Change

Quanta Acquisition and Name Change

On August 30, 2007, Quanta Services acquired InfraSource Services 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. This acquisition received popular attention after being given positive coverage on Jim Cramer's Mad Money show and in the magazine Smart Money.

After the acquisition, InfraSource Technology changed its legal name to Quanta Technology LLC. In terms of the original InfraSource strategy, Quanta Services decided to (1) support the growth of Quanta Technology, and (2) not aggressively increase its capability in design engineering. Quanta Technology is organizationally located in the Electric & Gas division of Quanta Services.

Read more about this topic:  Quanta Technology

Famous quotes containing the words acquisition and/or change:

    Always and everywhere children take an active role in the construction and acquisition of learning and understanding. To learn is a satisfying experience, but also, as the psychologist Nelson Goodman tells us, to understand is to experience desire, drama, and conquest.
    Carolyn Edwards (20th century)

    I never knowed how clothes could change a body before. Why, before, he looked like the orneriest old rip that ever was; but now, when he’d take off his new white beaver and make a bow and do a smile, he looked that grand and good and pious that you’d say he had walked right out of the ark, and maybe was old Leviticus himself.
    Mark Twain [Samuel Langhorne Clemens] (1835–1910)