News Releases

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

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

 

ABOUT BAKER BOTTS L.L.P.
Baker Botts is an international law firm of approximately 700 lawyers practicing throughout a network of 13 offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the technology, energy, and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit bakerbotts.com.

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