HOUSTON, Aug. 20, 2001 – Quanta Services, Inc. today announced the completed acquisition of North Houston Pole Line Corp. (NHPL), one of the largest utility contractors in the Southwest, and PowerLink Corporation.
For fiscal year 2001, the two companies are expected to produce annualized revenues of $51 million.
“NHPL’s vast expertise and quality service practices mirror the high standards of our current team and exemplify our strategic acquisition goals,” said John Colson, chief executive officer of Quanta Services. “This acquisition strategically positions us with industry-, Houston-based energy customers. Now, these customers can experience the advantage of working with a nationwide network of specialized contractors with diverse, comprehensive services.”
In addition to expanding the Quanta network, the acquisition enables NHPL to access the extensive resources and assets of Quanta. NHPL will function as an operating unit of Quanta Services and will maintain its current leadership team and staff.
Founded in 1971, NHPL provides a variety of services primarily to the electric utility industry. Its expertise in the installation, repair and maintenance of overhead and underground distribution systems, fiber interconnects, emergency restoration, directional boring and gas rehabilitation and construction complements Quanta’s current capabilities.
PowerLink provides electric distribution, construction and maintenance services in the Seattle metropolitan area and will be integrated into existing operations.
Quanta Services, Inc. is a provider of specialized contracting services, delivering end-to-end network solutions for electric power, telecommunications and cable television. The company’s comprehensive services include designing, installing, repairing and maintaining network infrastructure nationwide.