Quanta sells equity interest in Howard Midstream

摘要

Quanta Services Inc. (NYSE: PWR) has sold an equity ownership interest in Howard Midstream Energy Partners LLC for $221 million in cash. Quanta and its wholly owned subsidiary, Quanta Capital Solutions Inc., closed the sale, which will result in a pre-tax gain to Quanta of $113 million in fourth-quarter 2013, or $0.32 per diluted share. Certain affiliated investment funds managed by Alinda Capital Partners acquired the interest previously held by Quanta.