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Quanta Services completes acquisition of Cupertino Electric, Inc. to enhance electrical infrastructure solutions

Jul 18, 2024•over 1 year ago

Acquiring Company

Quanta Services

Acquired Company

Cupertino Electric (CEI)

HoustonSan JoseConstructionSolarRenewable EnergyEnergy

Description

Quanta Services, Inc. (NYSE: PWR) has successfully finalized the acquisition of Cupertino Electric, Inc. (CEI), a premier electrical infrastructure solutions provider to the technology, renewable energy, and infrastructure industries. This strategic acquisition aims to combine Quanta's comprehensive infrastructure services with CEI's expertise, creating an innovative and diversified electrical infrastructure solution offering for its customers.

Company Information

Company

Quanta Services

Location

Houston, Texas, United States

About

Quanta Services, Inc. (NYSE: PWR) is a leading specialized contracting services company, delivering comprehensive infrastructure solutions for the electric power, gas, and telecommunications industries. It provides a full range of infrastructure services, including design, installation, maintenance, and repair of electric power transmission and distribution lines, substations, renewable energy facilities, and pipeline construction. With a workforce of skilled employees, Quanta Services is committed to providing innovative solutions to its customers.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed