---
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"
generated_at: "2026-05-31T18:25:11.819672+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Quanta Services completes $1.5B acquisition of Cupertino Electric; expects 2025 adj. EBITDA contribution of $175-195M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-182240
- JSON: https://secwatch.observer/filing/0001193125-24-182240.json
- Plain text: https://secwatch.observer/filing/0001193125-24-182240.txt

## Key facts
- M&A Transactions
  QUANTA SERVICES, INC. completed an acquisition involving Cupertino Electric, Inc. for $1.505 billion (closed 2024-07-17).
  - Action: acquisition
  - Counterparty: Cupertino Electric, Inc.
  - Consideration: $1.505 billion
  - Closing: 2024-07-17
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1050915/000119312524182240/0001193125-24-182240-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.