PHILADELPHIA, PENNSYLVANIA (December 2007) - On August 30, 2007, InfraSource Services, Inc. (NYSE: IFS) was acquired by Quanta Services, Inc. (NYSE: PWR) in a $1.47 billion all-stock transaction. Through the acquisition of InfraSource, Quanta created one of the largest specialty contractors in the U.S., with more than $3.2 billion in revenue and a market capitalization in excess of $3.0 billion. With its enhanced resources, expanded geographic footprint and broader service portfolio, the combined company is well-positioned to profit from anticipated increases in spending on electric power, gas and telecommunications infrastructure.

InfraSource is a leading provider of infrastructure services for electric power, gas, and telecommunications intensive industries in the United States. InfraSource designs, builds, and maintains transmission and distribution networks for utilities, power producers, and industrial customers. The InfraSource companies that provide end-to-end T&D solutions with nationwide resources, experience, and knowledge include Dashiell, M. J. Electric, Transmission Services (formerly Maslonka), Underground Services, Engineering (including REALTime Utility Engineers and Technology) and Blair Park/Sunesys. 

NCA acted as Co-Advisor to InfraSource in connection with its sale to Quanta. NCA had served as a trusted advisor to InfraSource over the past several years and had previously advised InfraSource on its divestiture of Electric Services, Inc. to Square D Company, a division of Schneider Electric (ENXTPA:SU). NCA had also worked with the Company’s Sunesys division to support the expansion of the division through acquisitions.