Quanta Services to buy construction company Blattner

Quanta Services, Inc. has entered into a definitive agreement to acquire Blattner Holding Company, an utility-scale renewable energy infrastructure solutions provider in North America. The consideration to be paid at closing for the transaction is approximately US$2.7 billion.

Founded in 1907 and headquartered in Avon, Minnesota, Blattner provides front-end engineering, procurement, project management and construction services to leading renewable energy developers for wind, solar and energy storage projects. The company has completed or been awarded more than 300 wind projects (+49 GW installed generating capacity), more than 90 solar projects (+12 GW installed generating capacity) and 17 energy storage projects.

Lazard is serving as financial advisor and Latham & Watkins, LLP is serving as legal advisor to Quanta for this transaction. J.P. Morgan Securities LLC is acting as exclusive financial advisor to Blattner.