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Subsequent Events | 12 Months Ended
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Dec. 31, 2015
Subsequent Events [Abstract] |
Subsequent Events |
18. | SUBSEQUENT EVENTS:
Acquisitions During the first quarter of 2016, Quanta has completed two acquisitions. Quanta acquired a full service medium and high voltage powerline contracting company located in the United States. The results of this company will generally be included in Quanta’s Electric Power Infrastructure Services segment. Quanta also acquired a pipeline service contractor located in the United States, the results of which will generally be included in Quanta’s Oil and Gas Infrastructure Services segment. The aggregate consideration paid for these acquisitions was approximately $41.5 million in cash, subject to certain adjustments and certain contingent consideration payments that may be payable by Quanta. As these transactions were effective during the first quarter of 2016, the results will be included in Quanta’s consolidated financial statements beginning on the respective dates of acquisition. These acquisitions should enable Quanta to further enhance its electric power and oil and gas infrastructure service offerings in the United States.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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