Funding and M&A Roundup: Quanta Services to Acquire Blattner for $2.7 Billion
Kevala announces a $21 million Series A funding round to expand its operations across the U.S.
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Quanta Services – an American corporation that provides infrastructure services for electric power, pipeline, industrial and communications industries – entered into a definitive agreement to acquire Blattner Holding Company, a utility-scale renewable energy infrastructure solutions provider in North America. Blattner provides front-end engineering, procurement, project management, and construction services to renewable energy developers for wind, solar, and energy storage projects. The transaction consideration of $2.7 billion anticipated to be paid at closing will consist of approximately $2.36 billion in cash, subject to a working capital adjustment, and shares of Quanta common stock valued at approximately $340 million.
