Quanta Services

Quanta Services, Inc. is a leading specialized contracting services company and the premier provider of infrastructure solutions for the utility, renewable energy, communications, pipeline, and energy industries across North America and select international markets. Founded in 1997 through the strategic consolidation of four regional electrical contractors, Quanta has grown into a Fortune 200 company with over $23 billion in annual revenues and approximately 68,000 employees worldwide. The company's comprehensive service offerings span the entire infrastructure lifecycle, from initial design and engineering through construction, maintenance, and emergency restoration.

Quanta's business model is built on providing mission-critical infrastructure services that enable the modern energy economy and digital connectivity. The company serves electric utilities, renewable energy developers, telecommunications providers, pipeline operators, and industrial clients with specialized expertise in complex, large-scale projects. In 2024, Quanta reported record revenues of $23.67 billion with a backlog of $30.74 billion, demonstrating strong demand for its services driven by grid modernization, renewable energy buildout, data center expansion, and aging infrastructure replacement.

The company operates through two primary business segments: Electric Power Infrastructure Services (representing approximately 85% of backlog with $30.3 billion) and Underground Utility and Infrastructure Solutions (representing approximately 15% with $5.6 billion backlog). Quanta's Electric segment provides comprehensive solutions for power generation, transmission, and distribution, including renewable energy installations, substation construction, and energized services. The Underground segment focuses on pipeline installation, telecommunications infrastructure, horizontal directional drilling, and industrial facility construction.

Quanta's competitive advantage stems from its national scale, specialized technical capabilities, safety culture, and strategic acquisition strategy. Since its founding, the company has acquired more than 200 companies to expand geographic reach, technical expertise, and service offerings. Recent major acquisitions include Cupertino Electric ($1.5 billion, 2024), Dynamic Systems ($1.35 billion, 2025), and Pennsylvania Transformer Technology ($300 million, 2023). These acquisitions position Quanta to capitalize on multi-year infrastructure investment trends including the energy transition, electric vehicle adoption, data center proliferation, and federal infrastructure spending.

Under the leadership of CEO Duke Austin since 2016, Quanta has transformed from a pure-play electrical contractor into a comprehensive infrastructure solutions provider with capabilities spanning engineering, procurement, construction, and program management. The company's commitment to safety, operational excellence, and employee development has earned it recognition as a top workplace and industry leader. With revenues projected between $24.5 billion and $25.0 billion for 2025 and record backlog providing multi-year revenue visibility, Quanta is well-positioned to deliver critical infrastructure that powers communities, connects people, and enables the transition to a cleaner energy future.