When James Tsinidis first pitched US electrical contractor Quanta Services at Munro Partners’ investment meeting five years ago, it was met with a distinctly cool reception. His boss took a lot of convincing.
That’s because Nick Griffin, who helps oversee $6.6 billion as chief investment officer at Munro, had spent part of his early career analysing oil and gas plays that gave him a front-row seat to decades of engineering contractors going bust because of fixed-price deals.
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