secwatch.observer — SEC 8-K summary
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Issuer:     QUANTA SERVICES, INC. (PWR)
CIK:        0001050915
Form:       8-K
Filed at:   2021-09-08T23:59:59+00:00
Accession:  0001193125-21-266919
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Quanta Services to acquire Blattner Holding for $2.7B in cash-and-stock deal
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- Consideration: $2.36B cash + ~$340M in Quanta stock at closing, plus up to $300M earnout based on performance targets.
- Blattner is a leading utility-scale renewable energy infrastructure provider (wind, solar, storage), 2020 revenue ~$2.4B, adj. EBITDA ~$291M.
- Quanta expects Blattner 2022 revenue $2.5-$2.7B, adj. EBITDA $250-$290M, EPS contribution $0.80-$1.00; accretion expected without synergies.
- Deal expected to close in Q4 2021, subject to regulatory approvals; financing via bridge commitments up to $2.1835B from BofA and Wells Fargo.
- Management to remain: Scott Blattner continues as President; Blattner will operate as a platform unit of Quanta.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1050915/000119312521266919/0001193125-21-266919-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1050915/000119312521266919/d211565d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-266919

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer