{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-182240","form_type":"8-K","ticker":"PWR","cik":"0001050915","company_name":"QUANTA SERVICES, INC.","filed_at":"2024-07-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:12.027081+00:00","generated_at":"2026-05-31T18:25:11.819672+00:00","sec_items":["1.01","2.01","2.03","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Quanta Services completes $1.5B acquisition of Cupertino Electric; expects 2025 adj. EBITDA contribution of $175-195M","bullets":["Upfront consideration ~$1.54B: $1.3B cash + 883k shares (~$225M); potential earnout up to $200M.","CEI estimated FY2024 revenue $2.1-2.2B, adj. EBITDA $155-175M; 2025 adj. EBITDA contribution $175-195M, adj. EPS $0.40-0.50.","Acquisition funded with cash on hand, existing credit facility, and new $400M short-term term loan maturing Oct 14, 2024.","CEI adds ~4,300 employees, low-voltage electrical platform, data center and renewables expertise; expected immediately accretive.","CEI management remains; Tom Schott continues as President and CEO; CEI becomes Quanta platform operating company."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-182240","json":"https://secwatch.observer/filing/0001193125-24-182240.json","markdown":"https://secwatch.observer/filing/0001193125-24-182240.md","text":"https://secwatch.observer/filing/0001193125-24-182240.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1050915/000119312524182240/0001193125-24-182240-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1050915/000119312524182240/d841267d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T18:25:11.819672+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"db763b3fdab8e55bd118a2a0a41ee1a9a39caece","claim":"QUANTA SERVICES, INC. completed an acquisition involving Cupertino Electric, Inc. for $1.505 billion (closed 2024-07-17).","evidence_excerpt":"of CEI were converted into the right to receive certain amounts as set forth in the Merger Agreement. The Estimated Merger Consideration (as defined in the Merger Agreement) is $1.505 billion, subject to certain adjustments set forth in the Merger Agreement. Pursuant to the Merger Agreement, $225.75 million (such agreed value as of the execution of the Merger","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1050915/000119312524182240/0001193125-24-182240-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Cupertino Electric, Inc."},{"label":"Consideration","value":"$1.505 billion"},{"label":"Closing","value":"2024-07-17"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}