May 23, 2013 6:11 PM ET

Construction and Engineering

Company Overview of Q3 Contracting Inc.

Company Overview

Q3 Contracting Inc. operates as a construction contracting company in the United States. The company provides designing, building, and upgrading services for gas and electric distribution networks. It also offers horizontal directional drilling, street light construction and installation, subsurface utility engineering, restoration, right of way restoration, storm water management, temporary traffic control, permanent sign installation, and mainline installation and repair services. The company serves natural gas/oil, electric, telecommunications, water, wind, municipal construction, subsurface utility engineering, and traffic management industries. Q3 Contracting Inc. was founded in 1991 an...

Detailed Description

3066 Spruce Street

Little Canada, MN 55117-1061

United States

Founded in 1991

Phone:

651-224-2424

Fax:

651-224-2220

www.q3contracting.com

Key Executives for Q3 Contracting Inc.

President and Partner
Executive Vice President
Human Resources Director
Safety & Training Director
Vice President of Pipeline Services
Compensation as of Fiscal Year 2012.

Q3 Contracting Inc. Key Developments

Stellaris, LLC and Q-3 Contracting Inc. Enter into Loan Agreement with RBS Asset Finance, Inc

On December 13, 2012, Stellaris, LLC and Q-3 Contracting Inc., entered into a Loan Agreement with RBS Asset Finance Inc. for the financing of equipment pursuant to one or more equipment notes.  In connection with the Agreement, the company entered into a Note, dated December 13, 2012, with the Lender for the total aggregate amount of $12.0 million, whereby $11.65 million was funded on December 13, 2012.  The Note is secured by certain construction and automotive equipment outlined in Collateral Schedule No. 1 of the Note.  The Note is payable in equal monthly installments over a seven year period.  The principal amount of the Note bears interest at 2.05% per annum and may be prepaid, subject to certain prepayment breakage fees during the first three years.  In connection with the transaction, the company entered into a Guaranty Agreement, dated December 13, 2012 with the Lender, whereby the company has agreed to be obligated for all amounts borrowed under the Agreement and the Note.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 13, 2012
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