Harris Williams & Co. Advises Quanta Services, Inc. on its Acquisition of Stronghold
Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide for more than 25 years, announces that it advised Quanta Services, Inc. (Quanta; NYSE:PWR) on its acquisition of Stronghold, Ltd. and Stronghold Specialty, Ltd. (together with their respective subsidiaries, Stronghold). Harris Williams & Co. served as the exclusive financial advisor to Quanta, a leading specialized contracting services company that delivers infrastructure solutions to the electric power, oil and gas and communications industries. The transaction was led by Matt White, Drew Spitzer and Michael Drummond of Harris Williams & Co.’s Energy, Power & Infrastructure (EPI) Group.
“The acquisition of Stronghold represents an attractive opportunity for Quanta to expand its capabilities in the refinery, petrochemical and midstream energy markets,” said Matt White, a managing director at Harris Williams & Co. “Quanta is well-positioned to capitalize on compelling end market tailwinds and we look forward to following the company’s future success.”
Quanta is a leading specialized contracting services company, delivering infrastructure solutions for the electric power, oil and gas and communications industries. Quanta's comprehensive services include designing, installing, repairing and maintaining energy and communications infrastructure. With operations throughout the U.S., Canada, Latin America, Australia and select other international markets, Quanta has the manpower, resources and expertise to safely complete projects that are local, regional, national or international in scope.
Stronghold is a leading specialized infrastructure solutions company that provides high pressure and critical path solutions to the downstream and midstream energy markets, through 10 distinct specialty services companies. Headquartered in La Porte, Texas, with an average of 2,800 employees, Stronghold is committed to developing solutions that support customers’ success through safe and effective project execution.
Harris Williams & Co. (www.harriswilliams.com), a subsidiary of the PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide. The firm has deep industry knowledge, global transaction expertise, and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements, and capital markets advisory services.
Harris Williams & Co.’s EPI Group has experience across a broad range of sectors, including industrial and infrastructure services, oil and gas equipment and services, energy efficiency and clean tech, power products and technology, engineering and construction and environmental services. For more information on the firm’s energy, power and infrastructure experience, please visit the EPI Group’s section of the Harris Williams & Co. website.
Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is a private limited company incorporated under English law with its registered office at 5th Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered with the Registrar of Companies for England and Wales (registration number 7078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.