Quanta Services acquires Pike Electric (2015)
Quanta Services, a large infrastructure contractor, bought Pike Electric Corporation for about $1.7 billion to expand its electric transmission and distribution capabilities across the U.S.
Quanta absorbed Pike's transmission construction business and grew its backlog.
The deal reinforced the pattern of larger contractors buying regional specialty firms to widen geographic and service coverage.
Like the FAMCO deal, a mid-size contractor used an acquisition to add a targeted service line and regional presence, paying in a mix of cash and stock.
