Quanta Services, Inc.

-0.55 (-0.48%)
Equity Investments, Other Pre-Announcement

Quanta Services To Acquire Blattner Holding Company - Industry Leading Utility-Scale Renewable Energy Infrastructure Solutions Provider

Published: 09/02/2021 11:38 GMT
Quanta Services, Inc. (PWR) - Quanta Services to Acquire Blattner Holding Company - Industry Leading Utility-scale Renewable Energy Infrastructure Solutions Provider.
Quanta Services Inc - Transaction Consideration of $2.7 Billion.
Quanta Services Inc - Expected to Be Accretive to Quanta's Growth, Margins, Cash Flow Conversion and EPS Without Synergy Assumptions.
Quanta Services Inc - for Full Year of 2022, Quanta Estimates Revenues for Blattner to Be Between $2.5 Billion and $2.7 Billion.
Quanta Services - Expects to Pursue Certain Other Debt Financing Alternatives to Finance Cash Portion of Transaction Consideration.
Quanta Services Inc - for FY 2022, Quanta Estimates Adjusted Earnings per Share for Blattner to Be $0.80-$1.00.
Quanta Services Inc - Transaction Will Consist of About $2.36 Billion in Cash, As Well As Shares of Quanta Common Stock Valued at About $340 Million.
Quanta Services - Blattner Owners Will Be Eligible for Earnout Payment That Could Provide Additional Consideration of Up to $300 Million.
Quanta - Has Obtained Commitments From Bank of America, Na and Wells Fargo, National Association for Bridge Financing, to Complete Transaction.
Quanta Services Inc - Blattner Will Serve As a Platform Operating Unit of Quanta.
Quanta Services Inc - Blattner's Existing Management Team Will Remain in Place, With Scott Blattner Continuing in His Leadership Role As President.