Quanta Services
 |
|
| Public | |
| Traded as | : PWR S&P 500 Component |
| Founded | 1997 |
| Headquarters |
Williams Tower Houston, Texas |
| Revenue |
 $7.57 billion USD (2015) |
|
Number of employees
|
28,000 |
| Website | www.quantaservices.com |
Quanta Services is a U.S. corporation that provides engineering, procurement and construction services for electric power infrastructure and oil and gas infrastructure industries, and formerly for telecommunications and broadband cable. Capabilities include the planning, design, installation, maintenance and repair of most types of network infrastructure. In June 2009, Quanta Services was added to the S&P 500 index, replacing Ingersoll-Rand.
Quanta Services employs about 26,000 people, approximately 2,300 of which are salaried. Its operating companies achieved combined revenues of about $7.57 billion in 2015. It is headquartered in Houston, Texas. In 1998 Quanta went public on the New York Stock Exchange under the ticker symbol, PWR.
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. A list of their main services are listed below.
Electric Power
Oil and Gas Contractor
On March 14, 2016, Earl C. “Duke” Austin succeed former chief executive officer, Jim O’Neil. Austin is currently president, chief executive officer and chief operating officer. He is a graduate of Sam Houston State University in Huntsville, Texas and is the former president of Quanta’s Operating Unit, North Houston Pole Line.
On April 2, 2012, Derrick A. Jensen succeed former chief financial officer, James H. Haddox. Jensen is a graduate of Oklahoma State University.
The man behind the creation of Quanta Services is former executive chairman, John R. Colson. After earning a degree in geology from the University of Missouri at Kansas City, Colson entered the military and served one year in Vietnam. He was discharged from the Army in 1971 and returned to Kansas City, taking temporary employment at PAR Electrical Contractors, Inc., which built high-voltage transmission lines, distribution lines, and substations, and provided other electric utility infrastructure services.
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Wikipedia