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
“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.
Crux Joins Quanta
April 23, 2012