Quanta services acquires cupertino electric, inc., a premier electrical infrastructure solutions provider to the technology and renewable energy industries

Combination creates a comprehensive end-to-end electrical infrastructure solution from electron generation to transmission to consumption highly synergistic low-voltage electrical workforce and complementary customer base provides a platform for growth across several strategic verticals that are driving load growth increases quanta's exposure to the technology industry, a growing market of critical infrastructure requiring comprehensive power solutions expected to be immediately accretive to quanta's growth, cash flow conversion and earnings per share excluding expected synergies estimated full-year 2025 adjusted ebitda and adjusted diluted eps contributions of approximately $175mm - $195mm and $0.40 - $0.50, respectively(1) houston , july 18, 2024 /prnewswire/ -- quanta services, inc. (nyse: pwr) announced today that it completed the acquisition of cupertino electric, inc. (cei), a premier electrical infrastructure solutions provider to the technology, renewable energy and infrastructure and commercial industries. founded in 1954 and headquartered in san jose, california, cei provides integrated turnkey solutions, including engineering, procurement, project management, construction and modularization services to a high-quality and diverse customer base across the united states.
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