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Construction M&A image Construction M&A » By The Online Investor Staff, updated Sat., Jan. 23, 6:04 PM Recent mergers and acquisitions in the Construction M&A category.

Slide #40. Certain affiliated investment funds managed by Alinda Capital Partners Quanta Services Equity Ownership in Howard Energy

Acquirer: Certain affiliated investment funds managed by Alinda Capital Partners
Acquiree: Quanta Services Equity Ownership in Howard Energy (NYSE:PWR)
Details: Quanta Services, Inc. (NYSE: PWR) today announced that its wholly owned subsidiary, Quanta Capital Solutions, Inc. (Quanta Capital), has successfully closed the sale of all of its equity ownership interest in Howard Midstream Energy Partners, LLC (Howard Energy) for approximately $221 million in cash, which will result in a pre-tax gain to Quanta of approximately $113 million in the fourth quarter of 2013, or approximately $0.32 per diluted share. The after-tax net proceeds from the sale are expected to be approximately $175 million. Certain affiliated investment funds managed by Alinda Capital Partners acquired the interest previously held by Quanta Capital.



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Company Name: 
Quanta Services, Inc.
Stock buyback: 
PWR buyback
Website: 
www.quantaservices.com
Sector: 
Construction
Number of ETFs Holding PWR: 
89
Total Market Value Held by ETFs: 
$1.52B
Total Market Capitalization: 
$11.01B
% of Market Cap. Held by ETFs: 
13.85%
 

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Strong Buy (3.50 out of 4)
58th percentile
(ranked higher than approx. 58% of all stocks covered)

Analysts' Target Price:
PWR Stock Forecast

Based on Zacks ABR data;
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