A Locke Lord team represented Stronghold, Ltd. and Stronghold Specialty, Ltd. in the company’s acquisition by Quanta Services, Inc. for $450 million base consideration with a maximum additional contingent consideration of $100 million. Stronghold, a specialized infrastructure solutions company that provides high pressure and critical path solutions to the downstream and midstream energy markets, will serve as a platform operating unit of Quanta. The deal closed July 21, 2017. The Locke Lord team was led by Greg Heath and Bill Swanstrom (both of Houston) and included additional assistance from Jerry Higdon, Sara Longtain, Ryan Morgan, Buddy Sanders, Ed Razim, Elizabeth Corey, Jeannie Diep, Brooks Vanlandingham (all of Houston) and Van Jolas (Dallas).
Posted July 26, 2017