Quanta Services to acquire The Hallen Constructions.

Quanta Services has completed the acquisition of The Hallen Construction, a leading and sizeable gas utility contractor serving key strategic markets in the northeast United States. Financial terms were not disclosed. Hallen has strong customer relationships with leading utilities in its markets, primarily providing gas distribution and transmission services and, to a lesser extent, underground electric distribution and transmission services. Over the past several years, Hallen has achieved solid organic revenue and profit growth by leveraging its operational excellence and working collaboratively with its customers. "Hallen represents a sizeable expansion into key northeast markets characterized by aged infrastructure and mandatory multi-decade modernization programs that are in their early stages, which we believe improves our long-term visibility and provides attractive multi-year growth opportunities and accretive returns for our stockholders." Duke Austin, President and Chief Executive Officer.