QUANTA SERVICES, INC.

Quanta Services, Inc. is a leading provider of comprehensive infrastructure solutions for the electric and gas utility, renewable energy, communications, pipeline, and energy industries in the United States, Canada, Australia, and select other international markets. The company's business strategy includes delivering and expanding its portfolio of infrastructure solutions to existing and potential customers, developing technological and training capabilities, maintaining a commitment to safety, and remaining entrepreneurial. Quanta operates in three reportable segments: Electric Power, Renewable Energy, and Underground and Infrastructure. The company's website is www.quantaservices.com, and its ticker symbol is PWR. Quanta's Electric Power segment provides comprehensive services primarily for the electric power and communications markets, including design, procurement, construction, upgrade, and repair and maintenance services for electric power transmission and distribution infrastructure, substation facilities, and communications networks. The Renewable Energy segment provides engineering, procurement, construction, and repair and maintenance services for renewable generation facilities, such as wind, solar, and hydropower generation facilities, and battery storage facilities. The Underground and Infrastructure segment provides services for the transportation, distribution, storage, development, and processing of natural gas, oil, and other products, including design, engineering, procurement, construction, upgrade, and repair and maintenance services for natural gas systems, pipeline protection, integrity testing, rehabilitation, and replacement services, and catalyst replacement services. Quanta has recently acquired several businesses to expand its capabilities and geographic reach, including a business that provides specialty environmental solutions to industrial companies and a business that specializes in testing, manufacturing, and distributing safety equipment and supplies. The company has a large and diverse customer base, including many leading companies in the industries it serves, and strives to maintain its status as a preferred solutions provider to its customers. Competition is intense in the industries and geographic markets in which Quanta operates, and the company faces competition from large companies with significant financial, technical, and marketing resources, as well as from in-house service organizations of its existing or prospective customers. Quanta's revenues are currently derived primarily from unit price or fixed price agreements, and price is often an important factor in the award of such agreements. However, customers also consider other factors, such as technical expertise and experience, safety ratings, financial and operational resources, geographic presence, industry reputation, and dependability, which Quanta expects to benefit from as a larger service provider.