Quanta Services Inc. (NYSE: PWR) has acquired the business of Banister Pipelines Corp., a Canadian mainline pipeline construction and maintenance services contractor based in Nisku, Alberta.
The acquisition strategically expands Quanta's Canadian mainline pipeline services offering across Canada and provides Banister's customer base with access to Quanta's energy infrastructure resources.
The acquisition of Banister's business closed on Nov. 21. As a Quanta company, the business will operate under the name Banister Pipelines Constructors Corp. The company is expected to generate US$350 million in revenue for the full year of 2015.