INFRASOURCE SERVICES, INC.

INFRASOURCE SERVICES, INC.

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Company Overview
Infrasource Services, Inc., formerly known as Dearborn Holdings Corporation, is a specialty contractor which designs, builds, and maintains transmission and distribution networks for utilities, power producers, and industrial customers. The company was founded in 1999 and has its registered head office in Media, Pennsylvania, USA.
InfraSource is a leading provider of infrastructure construction services for electric power, gas, telecommunications, and energy intensive industries in the United States. Through its operating companies, the company provides comprehensive specialty network infrastructure services including design, engineering, program management, procurement, construction, and maintenance on a project or turnkey basis.
The company operates in two business segments. Its infrastructure construction services (ICS) segment provides design, engineering, procurement, construction, testing, maintenance and repair services for utility infrastructure. The telecommunication services (TS) segment, consisting of a single operating unit, leases point-to-point telecommunications infrastructure in select markets, and provides design, procurement, construction and maintenance services for telecommunications infrastructure.
The company’s customers are from the electric power, utility, industrial, underground and telecommunications markets, government entities, and heavy industrial companies, such as petrochemical, processing and refining businesses. Infrasource aims to offer customers a broad range of value-added services that best meet their infrastructure construction needs.
InfraSource companies include Dashiell (specializes in the design, construction, testing and maintenance of high and medium-voltage electric facilities), M. J. Electric (provides electrical construction services nationwide specializing in transmission & distribution line, substation, and in-plant electrical and instrumentation construction), Sunesys (a leading provider of high-speed, dedicated fiber optic networks), and Blair Park (provides consulting, design, configuration, construction and ongoing support of network infrastructure for local, metropolitan and wide areas).
Business Summary
InfraSource Services, Inc. (InfraSource) is a specialty contractor servicing electric, natural gas and telecommunications infrastructure in the United States. The Company’s range of services includes design, engineering, procurement, construction, testing, maintenance and repair services for electric, natural gas and telecommunications infrastructure. InfraSource operates in two business segments. Its Infrastructure Construction Services (ICS) segment provides design, engineering, procurement, construction, testing, maintenance and repair services for utility infrastructure. The Telecommunication Services (TS) segment, consisting of a single operating unit, leases point-to-point telecommunications infrastructure in select markets, and provides design, procurement, construction and maintenance services for telecommunications infrastructure. In August 2007, Quanta Services, Inc. completed the acquisition of InfraSource.
Description and history
InfraSource Services, Inc. (InfraSource) is a specialty contractor servicing electric, natural gas and telecommunications infrastructure in the United States. The Company’s range of services includes design, engineering, procurement, construction, testing, maintenance and repair services for electric, natural gas and telecommunications infrastructure. InfraSource operates in two business segments. Its Infrastructure Construction Services (ICS) segment provides design, engineering, procurement, construction, testing, maintenance and repair services for utility infrastructure. ICS customers include electric power utilities, natural gas utilities, telecommunication customers, government entities and heavy industrial companies, such as petrochemical, processing and refining businesses. ICS services are provided by five of the Company’s operating units. The Telecommunication Services (TS) segment, consisting of a single operating unit, leases point-to-point telecommunications infrastructure in select markets, and provides design, procurement, construction and maintenance services for telecommunications infrastructure. TS customers include communication service providers, large industrial and financial services customers, school districts and other entities with high bandwidth telecommunication needs. In August 2007, Quanta Services, Inc. completed the acquisition of InfraSource. As a result, the Company became a wholly owned subsidiary of Quanta Services, Inc.

On December 15, 2006, InfraSource acquired all of the voting interests of Realtime Utility Engineers, Inc. (RUE), a company that provides substation and transmission line engineering services for electric utilities. RUE is part of the ICS segment. During the year ended December 31, 2006, the Company sold certain assets of Mechanical Specialties, Inc. (MSI), which was part of the ICS segment.

The Company focuses primarily on the construction and maintenance of electric transmission infrastructure, high-voltage industrial facilities and electric distribution systems. Electric transmission refers to power lines and associated substations, through which electricity is transmitted over long distances at high voltages. Electric distribution refers to lower voltage power lines that provide electricity to end users over shorter distances.

The services InfraSource provides to natural gas customers involve construction and maintenance of natural gas distribution and, to a lesser extent, transmission line compressor stations. Natural gas distribution refers to low pressure lines that carry natural gas from higher pressure transmission pipelines to end users. Customer spending in this market is driven by new residential, commercial and industrial construction and sustained by on-going replacement of aging infrastructure, often mandated by state utilities commissions.

InfraSource’s TS and ICS segments provide provide telecommunications infrastructure construction and maintenance services primarily to regional telephone companies and other telecommunications customers. The TS segment also provides IRU access to dark fiber infrastructure, encompassing design, construction and leasing to third parties’ point-to-point fiber connections.

The Company’s range of services includes design, engineering, procurement, construction, testing, maintenance and repair services for electric, natural gas and telecommunications infrastructure. It also provides ancillary field services, such as project management, permitting, materials management, work scheduling and customer interface management, and lease point-to-point telecommunications infrastructure through its TS segment. The infrastructure InfraSource targets for the services it provide include high-voltage electric power transmission lines; high-voltage electric power substations; lower-voltage electric power distribution lines; electrical wiring and instrumentation inside power generation and other heavy industrial plants, including work for environmental control systems for clean air compliance; natural gas distribution lines; natural gas transmission infrastructure, including compressor stations; joint-trench operations (co-locating electric power, natural gas, telecommunications, cable and/or other utilities), and telecommunications duct and cable, including fiber to the premises (FTTP).

Formerly known as Dearborn Holdings Corporation

Business Line
A specialty contractor which designs, builds, and maintains transmission and distribution networks for utilities, power producers, and industrial customers
Subsidiary
EHV POWER ULC
Advisor
PRICEWATERHOUSECOOPERS LLP
IPO date
5/10/2004
US SIC Code
1623
Company Address
Suite 300
100, West Sixth Stree
City province or state postal code
19063, MEDIA, PA
Phone: +1 610 480 8000
Fax:
Country address: UNITED STATES OF AMERICA
Website url: www.infrasourceinc.com