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Drilling Industry News

Crux Joins Quanta

April 23, 2012

Crux Subsurface Inc. recently announced that the company has been acquired by Quanta Services, an S&P 500 company and a leader in infrastructure services for the electric power, pipeline and telecommunications industries.

Established in 1998, Spokane, Wash.-based Crux has grown steadily within the geotechnical exploration and construction markets, and now is recognized as a leader in difficult logistics solutions. Crux management views the acquisition as a logical progression for the company. “A partnership with Quanta will allow us to meet the growing demand for our services,” says Crux vice president of business development, Mark Neupert. “We evaluated several options, and believe this is the best solution for our employees, investors and clients.”

“Quanta has been a customer of ours for many years,” says Crux president Nick Salisbury. “We’ve worked closely with them on projects in the past, so joining the Quanta family of businesses makes perfect sense. Combining our unique capabilities with the financial strength of Quanta is an exciting prospect.” Crux will continue to operate under its current name, and with direct oversight from the existing management team.

Crux provides contract drilling and related services to the geotechnical industry. It specializes in difficult-access and environmentally sensitive drill sites, providing innovative technologies and specialty drill equipment to complete projects in logistically challenging environments. Currently, Crux holds five patents that relate to micropile foundations for transmission line projects. Crux provides more than 10 years of experience specifically in micropile foundation construction, and offers additional services in soil and rock core drilling, casing advancing, permeation grouting, downhole imaging, instrument installation, and pre-tunnel excavation, exploration and stabilization.

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