Stronghold ltd6/25/2023 ![]() We welcome all of Stronghold's employees to the Quanta family." Stronghold is led by a multigenerational, experienced and well respected management team and, importantly, has a world-class, industry leading safety record. Stronghold's recurring revenues, accretive operating income margin profile and strong free cash flow generation align well with our strategic imperatives for long-term profitable growth. "With positive industry dynamics, visible cross-selling opportunities and Quanta's support, we believe there is a multiyear opportunity for Stronghold's operations to achieve double digit growth. "We remain positive on our 2017 and multiyear outlook and believe Stronghold is a strategic acquisition that will allow us to capture a greater portion of the energy industry operating and capital spend," said Duke Austin, President and Chief Executive Officer of Quanta Services. Stronghold's operations will be reflected in Quanta's Oil and Gas Infrastructure services segment. The industrial services market is a natural service line expansion for Quanta, further enabling Quanta to meet energy customers' needs. Stronghold generated revenues of approximately $500 million for the full year of 2016 and has a workforce averaging approximately 2,800 employees. The company has achieved strong organic growth by leveraging its operational excellence to expand into ten distinct specialty services companies, each providing platforms for future growth. Headquartered in La Porte, Texas, Stronghold has a strong presence in the strategically important Gulf Coast refinery and petrochemical market and serves nearly all regions of the United States. (Stronghold), a leading specialized services company that provides high pressure and critical path solutions to the downstream and midstream energy markets. (NYSE:PWR) announced today that it has completed the acquisition of Stronghold, Ltd. ![]() We believe that our team of astute professionals provides unparalleled experience and expertise, nationally in our areas of specialties most especially with in-depth knowledge of the World Bank Procurement processes.HOUSTON, J/PRNewswire/ - Quanta Services, Inc. ![]() HSL has an excellent track record of providing advisory services in international best practices for various procurement activities, capacity building and audit processes in virtually all the sectors of public and private service delivery. HSL aligns procurement objectives and resources with a focus on developing the capabilities to sustain meaningful and lasting relationships with their clients. ![]() HSL associates consist of astute professionals in the areas of Engineering, Economics, Law, Financing, Management, Agriculture, Education, Medical & Health, Environment and many more who bring their multi-disciplinary expertise to tackle challenging assignments and successfully providing the highest quality of implementation capability to its clients. HSL’s sound reputation can be attributed to diverse experience & exposure spanning decades of full life cycle project management engagements and transformation assignments both for Private & Public sector organizations. In pursuant of HSL’s mission to scale up the impact on development through improved & strengthening of procurement practices & systems, HSL uses its specialized knowledge of emerging markets to provide a range of sophisticated services to guide its private and public sector clients towards long term procurement growth. Femi Oye is the first Nigerian to undergo hands-on practice at the World Bank, headquarters in Washington D.C on International procurement best practices and has over 30 years proven experience in this field. Our unrivalled associates have provided services in the areas of Needs assessment, Appraisal documentation, Project Development preparation, Procurement of goods, works, consultancies, non-consultancies, Auditing, Mid-term reviews, and project completion reports under numerous World Bank assisted projects in Nigeria in the last 25 years. We offer expert procurement and project management advisory services to government, MDAs, International donor agencies and the private sector business enterprises. Highfield Stronghold Ltd (HSL) and its Associates are leading consultants, advisers and practitioners in Procurement best practices and Project Management in Nigeria.
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