Quanta Services Inc. of Houston, Texas, has completed the acquisition of Price Gregory Services Inc., a leading transmission pipeline infrastructure service provider, for 10.9 million shares of Quanta common stock and approximately $96 million in cash to the stockholders of Price Gregory Services.
In conjunction with the acquisition, Quanta has formed a new division called the Natural Gas and Pipeline Division and appointed Earl C. “Duke” Austin, Jr. president and Paul M. Daily executive vice president of this new division.
Price Gregory Services will become part of this new division, and J. Thomas White, a Mississippi State University (MSU) alumnus, will serve as president, He is responsible for Price Gregory Services’ transmission pipeline operations and facility services.
White previously served as president of Price Gregory International and chief operating officer of Price Gregory Services. He brings more than 40 years of pipeline experience to this position. Throughout his career, he has been responsible for the design, construction and testing of thousands of miles of pipelines both in the U.S. and in the Middle East.
In addition to guiding all Price Gregory operations, White has served the Pipeline Contractors Association as president and a member of the board of directors, nominating committee and industry advancement fund, among other positions. He is a registered professional engineer and received a bachelor of science in civil engineering from MSU.
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