D.A. Davidson & Co. Leads Negotiations as Quanta Services Acquires Performance Energy Services

  D.A. Davidson & Co. Leads Negotiations as Quanta Services Acquires
  Performance Energy Services

Business Wire

COSTA MESA, Calif. -- November 1, 2013

D.A. Davidson & Co. has advised Performance Energy Services, LLC (PES),  a
leading technical services provider to the upstream oil and gas industry, in
its sale to Quanta Services, Inc. (Quanta).

D.A. Davidson & Co. acted as exclusive financial advisor to PES. Transaction
terms were not disclosed.

"We are looking forward to joining Quanta to grow and expand its capabilities
in the Gulf of Mexico energy market. The customers and employees of PES will
also benefit greatly as part of a large, global organization,” says Scott
LaGrange, president of PES. “D.A. Davidson’s deep understanding of PES and its
industry provided for a very successful outcome for the shareholders.”*

About Performance Energy Services

Performance Energy Services, founded in 2000 and headquartered in Houma, La.,
is a specialty services provider to the upstream oil and gas industry. PES
offers a range of production support services including mechanical and
electrical installations, structural fabrication and related field services
for offshore and onshore production assets. PES serves customers in key oil
and gas markets throughout the world including the United States, South
America, the Bahamas, Africa and the Middle East.

About Quanta Services

Quanta Services is a leading specialized contracting services company,
delivering infrastructure solutions for the electric power and natural gas and
pipeline industries. Quanta's comprehensive services include designing,
installing, repairing and maintaining energy infrastructure. Additionally,
Quanta licenses point-to-point fiber optic telecommunications infrastructure
in certain markets and offers related design, procurement, construction and
maintenance services. With operations throughout North America and in certain
international markets, Quanta has the manpower, resources and expertise to
safely complete projects that are local, regional, national or international
in scope.

About D.A. Davidson & Co.

Founded in 1935, D.A. Davidson & Co. holds $25 billion in client assets under
management and administration, and serves clients nationwide from offices in
20 states. D.A. Davidson’s Investment Banking Group provides full-service
underwriting and advisory services for mid-size and growing companies,
including public offerings, mergers and acquisitions and private placements.
For information, visit www.davidsoncompanies.com/ecm

*Testimonials are not to be considered representative of the experience of all
clients, and do not represent a guarantee of future performance or success.

Contact:

D.A. Davidson & Co.
Miro Lazarov, 714-327-8852
Managing Director, Head of Energy Investment Banking
mlazarov@dadco.com
or
Meghan Timlick, 714-327-8530
Associate, Investment Banking
mtimlick@dadco.com