Nacap Australia a leading energy infrastructure contractor that provides pipeline and related construction services primarily to the oil, gas, water and power industries, was acquired by Quanta Services on 29 July 2013.
With operations throughout North America and in certain international markets, Quanta Services is a leading specialised contracting services company, delivering infrastructure solutions for the electric power and natural gas and pipeline industries. Quanta’s comprehensive services include the design, installation, repair and maintenance of energy infrastructure. Quanta is a U.S.-based, publicly traded, Fortune 500 company and is a member of the S&P 500 stock index. The company generated U.S. $5.9 billion in revenue in 2012.
“We are excited to be a part of one of North America’s leading energy infrastructure solutions providers. Australia is one of the most dynamic energy markets in the world with coal seam gas, liquefied natural gas and potential shale development opportunities, all of which require significant infrastructure investment,” said Mark Bumpstead, president of Nacap Australia. “Quanta brings extensive energy infrastructure capabilities and financial resources to Nacap that better positions us to provide comprehensive energy infrastructure solutions to our customers.”
“Nacap is the ideal company to serve as a platform for Quanta to expand its service offerings and presence in Australia,” said Jim O’Neil, president and chief executive officer of Quanta Services.
“Nacap has an experienced management team, dedicated employees and industry reputation that positions the company well to expand its geographic scope and scale as part of Quanta.”
Nacap’s management team continue to lead the company and will report through Mark Twycross, president of Mears and director of Quanta Services Australia Pty Ltd. Additionally, Nacap maintains its headquarters in Doncaster, Victoria, and an office in Brisbane.
“Quanta shares similar culture and values with Nacap, and both companies foster a climate of innovation to achieve outstanding results,” said Mark Twycross, director of Quanta Services Australia and president of Mears Australia. “We are excited to have Nacap as part of the Quanta family and look forward to supporting Nacap’s management team and employees with the resources to take the company to the next level.”
About Nacap Australia Pty Ltd
Founded in 1984 and headquartered in Doncaster, Victoria, Nacap is one of Australia’s leading energy infrastructure contractors, providing pipeline and related construction services primarily to the oil, gas, water and power industries in all states and territories of Australia. Having constructed many of the major pipelines built in Australia in recent years and currently constructing coal seam gas (CSG) projects in Queensland, Nacap has significant experience in pipeline installation, horizontal directional drilling and related services.
About Quanta Services
Quanta Services is a leading specialised 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 complete projects that are local, regional, national or international in scope.