COSTA MESA, Calif.--(EON: Enhanced Online News)--D.A. Davidson & Co. has advised Performance Energy Services, LLC (PES), a leading technical services provider to the upstream oil and gas industry, in its sale to Quanta Services, Inc. (Quanta).
“We are looking forward to joining Quanta to grow and expand its capabilities in the Gulf of Mexico energy market. The customers and employees of PES will also benefit greatly as part of a large, global organization”
D.A. Davidson & Co. acted as exclusive financial advisor to PES. Transaction terms were not disclosed.
"We are looking forward to joining Quanta to grow and expand its capabilities in the Gulf of Mexico energy market. The customers and employees of PES will also benefit greatly as part of a large, global organization,” says Scott LaGrange, president of PES. “D.A. Davidson’s deep understanding of PES and its industry provided for a very successful outcome for the shareholders.”*
About Performance Energy Services
Performance Energy Services, founded in 2000 and headquartered in Houma, La., is a specialty services provider to the upstream oil and gas industry. PES offers a range of production support services including mechanical and electrical installations, structural fabrication and related field services for offshore and onshore production assets. PES serves customers in key oil and gas markets throughout the world including the United States, South America, the Bahamas, Africa and the Middle East.
About Quanta Services
Quanta Services is a leading specialized contracting services company, delivering infrastructure solutions for the electric power and natural gas and pipeline industries. Quanta's comprehensive services include designing, installing, repairing and maintaining energy infrastructure. Additionally, Quanta licenses point-to-point fiber optic telecommunications infrastructure in certain markets and offers related design, procurement, construction and maintenance services. With operations throughout North America and in certain international markets, Quanta has the manpower, resources and expertise to safely complete projects that are local, regional, national or international in scope.
About D.A. Davidson & Co.
Founded in 1935, D.A. Davidson & Co. holds $25 billion in client assets under management and administration, and serves clients nationwide from offices in 20 states. D.A. Davidson’s Investment Banking Group provides full-service underwriting and advisory services for mid-size and growing companies, including public offerings, mergers and acquisitions and private placements. For information, visit www.davidsoncompanies.com/ecm
*Testimonials are not to be considered representative of the experience of all clients, and do not represent a guarantee of future performance or success.