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Quanta Services Completed The Acquisition Of Cupertino Electric, An Electrical Infrastructure Solutions Provider, For An Upfront Of Approximately $1.54B, Consisting Of Approximately $1.3B In Cash, And ~883,000 Shares Of Quanta Shares Of ~$225M

Author: Benzinga Newsdesk | July 18, 2024 06:59am
  • Additionally, there is a potential earnout payment of up to $200 million to the extent certain financial performance targets are achieved during a post-acquisition period.
  • Quanta expects CEI to contribute meaningfully to its financial profile in the near and longer term, including revenues, adjusted EBITDA, free cash flow conversion, returns and earnings per share.

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