secwatch.observer — SEC 8-K summary
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Issuer:     QUANTA SERVICES, INC. (PWR)
CIK:        0001050915
Form:       8-K
Filed at:   2024-07-22T23:59:59+00:00
Accession:  0001193125-24-182240
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 2.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1050915/000119312524182240/0001193125-24-182240-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1050915/000119312524182240/d841267d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-182240

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