Quanta Services to Acquire Renewable Energy Firm for $2.7 Billion

To acquire the Avon, MN-based utility-scale renewable energy infrastructure solutions provider, which provides front-end engineering, procurement, project management and construction services to leading renewable energy developers for wind, solar and energy storage projects across North America; consideration includes $2.36 B in cash and $340 MM of Quanta stock plus an earnest payment to Blattner owners of up to $300 MM. (Expected to close 4Q 2021)