Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

v2.4.0.8
Subsequent Events
6 Months Ended
Jun. 30, 2014
Subsequent Events [Abstract]  
Subsequent Events
12.

SUBSEQUENT EVENTS:

Acquisitions

During the third quarter of 2014, Quanta completed the acquisition of two companies. One company is an oil and gas infrastructure services company located in Canada. The other company is an electric power infrastructure services company located in Australia. The aggregate consideration paid for these acquisitions consisted of approximately $84.4 million in cash, subject to a post-closing working capital adjustment, 0.2 million shares of Quanta common stock and 0.8 million exchangeable shares of a Canadian subsidiary of Quanta that are exchangeable on a one-for-one basis for, Quanta common stock. The aggregate value of the above issued securities on the respective closing dates of the acquisitions totaled approximately $31.5 million. As these transactions were effective during the third quarter of 2014, the results of each acquired company will be included in Quanta’s consolidated financial statements beginning on the respective dates of acquisition. These acquisitions should enable Quanta to further enhance its oil and gas infrastructure service offerings in Canada and expand its capabilities in Australia to include electric power infrastructure service offerings.