Quanta buys Valarad for $219 million

Quanta buys Valarad for $219 million

Quanta designs, installs, repairs, and maintains network infrastructure including electric, gas, broadband cable, and telephone and data lines. The stockholders of Valard will receive about $118.9 million in cash and an aggregate of about 4.5 million in common and exchangeable shares, Quanta said. Valard’s revenue is expected to be between $225-$250 million in 2011 and the transaction will be accretive to earnings in 2011 and beyond, Quanta said.