Utility-services firm to be sold

0 Comments | Philadelphia Inquirer, The, March, 2007 | by Linda Loyd Inquirer Staff Writer

In anticipation of increased spending in the telecommunications and utility industries, a Houston infrastructure contractor said yesterday that it was buying InfraSource Services Inc., of Media, for $1.26 billion.

Quanta Services Inc., of Houston, is acquiring Delaware County-based InfraSource to expand its geographic reach for providing contracting services to the electric power, natural gas, telecom and cable television industries.

InfraSource's Media headquarters will become a regional office for Quanta, and corporate functions will be merged.

InfraSource chairman and chief executive officer David R. Helwig will become a member of Quanta's board of directors. Two other InfraSource board members also will...