PRESS RELEASE, DATED MAY 16, 2006
Published on May 16, 2006
Exhibit (a)(5)

PRESS RELEASE
FOR IMMEDIATE RELEASE
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Contacts:
|
James Haddox, CFO | Ken Dennard / ksdennard@drg-e.com | ||
Reba Reid | Lisa Elliott / lelliott@drg-e.com | |||
Quanta Services Inc. | DRG&E | |||
713-629-7600 | 713-529-6600 |
Quanta Services Commences Tender Offer for 4.0%
Convertible Subordinated Notes due 2007
Convertible Subordinated Notes due 2007
Houston, TXMay 16, 2006Quanta Services, Inc. (NYSE: PWR) announced today that it has
commenced a cash tender offer for all of its outstanding 4.0% Convertible Subordinated Notes due
2007. The tender offer will expire at midnight, New York City Time on June 13, 2006, unless
extended. The tender offer, which is described fully in an offer to purchase and the related letter
of transmittal, is not subject to the receipt of any minimum amount of tenders.
Quanta Services is purchasing the notes to reduce outstanding debt and reduce interest
expense. The tender offer will be funded from the proceeds of the companys recently completed
offering of 3.75% Convertible Subordinated Notes due 2026 and existing cash on hand. Quanta
Services is offering to purchase the notes at a price of $985 for each $1,000 of principal amount
of notes tendered, plus accrued and unpaid interest up to, but not including, the date the notes
are paid pursuant to the offer.
Quanta Services has retained Banc of America Securities LLC, Credit Suisse Securities (USA)
LLC and J.P. Morgan Securities Inc. to act as Dealer Managers in connection with the offer.
HSBC Bank USA, National Association has been appointed to act as the depositary for the offer,
and Georgeson Shareholder Communications Inc. has been appointed to serve as information agent.
Questions and requests for assistance and copies of the offer to purchase and the
related letter of transmittal may be directed to the information agent at (212) 440-9800, for banks
and brokers, or (866) 316-3563 for others.
Neither the Quanta Services Board of Directors nor any other person makes any recommendation
as to whether holders of notes should tender their notes, and no one has been authorized to make
such a recommendation. Holders of notes must make their own decisions as to whether to tender their
notes, and, if they decide to do so, the principal amount of notes to tender.
This announcement is not an offer to buy or the solicitation of an offer to sell any notes.
The tender offer for Quanta Services 4.0% Convertible Subordinated Notes due 2007 will be made
solely by and subject to the terms and conditions set forth in a Schedule TO (including an offer to
purchase, related letter of transmittal and other tender offer documents) that is being filed by
Quanta Services today with the Securities and Exchange Commission. The Schedule TO will contain
important information and should be read carefully before any decision is made with
respect to the tender offer. The offer to purchase, letter of transmittal and other tender
offer documents are being
delivered to holders of the notes. Once the Schedule TO and other
documents are filed with the SEC, they will be available free of charge on the SECs website at
www.sec.gov, on Quanta Services website at www.quantaservices.com or by contacting the Quanta
Services Corporate Secretary at (713) 629-7600.
Quanta Services, Inc.
Quanta Services, Inc. is a leading provider of specialized contracting services, delivering
end-to-end network solutions for electric power, gas, telecommunications and cable television
industries. The companys comprehensive services include designing, installing, repairing and
maintaining network infrastructure nationwide.
* * *
This press release contains forward-looking statements intended to qualify for the safe
harbor from liability established by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include, but are not limited to, statements relating to strategies,
expectations, intentions, plans, future events, performance, underlying assumptions, and other
statements that do not relate strictly to historical or current facts. Although Quantas management
believes that the expectations reflected in such forward-looking statements are reasonable, it can
give no assurance that such expectations will prove to have been correct. These statements can be
affected by inaccurate assumptions and by a variety of risks and uncertainties, including, among
others, general economic conditions, the success of the tender offer for the 4.0% Convertible
Subordinated Notes due 2007 and the amount of any such notes actually tendered for repurchase or
actually repurchased by the company, the companys reported results meeting the companys guidance
and the expectations of the market, and other risks, including risks related to Quantas operations
and financial condition, detailed in Quantas Annual Report on Form 10-K for the year ended
December 31, 2005, Quantas Quarterly Report on Form 10-Q for the quarter ended March 31, 2006 and
any other reports of the company filed with the Securities and Exchange Commission. Should one or
more of these risks materialize, or should underlying assumptions prove incorrect, actual results
may vary materially from those expressed or implied in any forward-looking statements. You are
cautioned not to place undue reliance on these forward-looking statements, which are current only
as of this date. Quanta does not undertake any obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise. For a discussion of
these risks, uncertainties and assumptions, investors are urged to refer to Quantas reports filed
with the Securities and Exchange Commission.
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SOURCE: Quanta Services, Inc. 1360 Post Oak Boulevard, Suite 2100 Houston, Texas (713) 629-7600