secwatch.observer — SEC 8-K summary
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Issuer:     QUANTA SERVICES, INC. (PWR)
CIK:        0001050915
Form:       8-K
Filed at:   2021-10-15T23:59:59+00:00
Accession:  0001193125-21-300152
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 1.02, 2.01, 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Quanta completes $2.7B acquisition of Blattner, funded with debt and stock
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- Closed acquisition of Blattner on Oct 13, 2021 for estimated $2.7B; consideration includes $337.5M in stock (3.33M shares) and cash.
- Up to $300M additional earn-out contingent on financial performance targets post-acquisition.
- Amended credit agreement: $750M delayed draw term loan, revolver raised to $2.64B, maturity extended to Oct 2026.
- Bridge facility (up to $696.1M) terminated concurrently with credit amendment on Oct 8, 2021.
- Also acquired small electric power construction business for ~$55M, including 42,748 unregistered shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1050915/000119312521300152/0001193125-21-300152-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1050915/000119312521300152/d73735d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-300152

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