News Releases

Baker Botts Represents Quanta Services Inc. in Acquisition of Stronghold, Ltd. and Stronghold Specialty, Ltd. (Stronghold)

News Release
Deal Description: Quanta Services, Inc. (NYSE:PWR) announced today that it has completed the acquisition of Stronghold, Ltd. and Stronghold Specialty, Ltd. (Stronghold), a leading specialized services company that provides high pressure and critical path solutions to the downstream and midstream energy markets. The transaction consideration consists of an upfront payment of approximately $450 million, comprised of $360 million of cash and 2.7 million shares of Quanta Services common stock valued at approximately $90 million, with a cash and stock earnout that could provide maximum additional consideration of $100 million if cumulative three-year EBITDA targets are achieved. 

Baker Botts L.L.P. served as legal advisor to Quanta for the transaction. 

Baker Botts Lawyers/Office Involved: Gene Oshman (Partner, Houston); Jeremy Moore (Partner, Houston); Eileen Boyce (Associate, Houston); Sunil Jamal (Associate, Houston); Travis Wofford (Associate, Houston); Sarah Dodson (Associate, Houston); Chad Davis (Associate, Houston); Gail Stewart (Partner, Houston); Marian Fielding (Associate, Dallas); Derek Green (Partner, Houston); Chris Morales (Associate, Houston); Connie Simmons Taylor (Partner, Houston); Kirstyn Kelley (Associate, Houston); Michael Bodosky (Special Counsel, Washington DC). 

Please click to read Quanta’s press release


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