On the Record · Quanta Services
Quanta Services acquisitions, on the record
The businesses Quanta Services bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
a business that provides specialty environmental solutions to industrial companies (which will be primarily included in the Underground and Infrastructure segment)Word for word“In January 2024, we acquired two businesses located in the United States including: a business that provides specialty environmental solutions to industrial companies (which will be primarily included in the Underground and Infrastructure segment) and a business that specializes in testing, manufacturing and distributing safety equipment and supplies (which will be primarily included in the Electric Power and Renewable Energy segments).” 10-K for 2023 | agreed acquisition | January 2024 | — |
five businesses located in the United States acquired during the year ended December 31, 2023Word for word“During the year ended December 31, 2023, we acquired five businesses located in the United States including: a business that provides services related to high-voltage transmission lines, overhead and underground distribution, emergency restoration and industrial and commercial wiring and lighting (primarily included in the Electric Power segment); a business that procures parts, assembles kits for sale, manages logistics and installs solar tracking equipment for utility and development customers (primarily included in the Renewable Energy segment); a business that provides concrete construction services (primarily included in the Electric Power and Renewable Energy segments); a business specializing in power studies, maintenance testing and commissioning primarily for utility and commercial customers (included in the Electric Power segment) and a business that manufactures power transformers for the electric utility, renewable energy, municipal power and industrial markets (included in the Electric Power and Renewable Energy segments).” 10-K for 2023 | acquisition | During the year ended December 31, 2023 | — |
an acquired business in October 2023 (unnamed)Word for word“In October 2023, we completed an acquisition in which a portion of the consideration consisted of the unregistered issuance of shares of our common stock.” 10-K for 2023 | acquisition | October 2023 | — |
Cupertino Electric, Inc. (CEI)Word for word“On July 17, 2024, Quanta completed the acquisition of Cupertino Electric, Inc. (CEI), which provides electrical infrastructure solutions, including engineering, procurement, project management, construction and modularization services, to the technology, renewable energy and infrastructure and commercial industries.” 10-K for 2024 | acquisition | On July 17, 2024 | — |
seven additional businesses located in the United States acquired during 2024Word for word“During the year ended December 31, 2024, we also acquired seven additional businesses located in the United States, including: a business that provides specialty environmental solutions to utility, industrial and petrochemical companies (primarily included in the Underground and Infrastructure segment); a business that specializes in testing, manufacturing and distributing safety equipment and supplies (primarily included in the Electric Power and Renewable Energy segments); a business that specializes in electrical infrastructure services for substations, data centers and governmental entities (primarily included in the Electric Power segment); a business that manufactures transmission and distribution equipment for the electric utility industry (primarily included in the Electric Power and Renewable Energy segments); a business that provides services and equipment 7 related to aerial telecommunications infrastructure and networks (primarily included in the Electric Power segment); a business that provides services related to fiber optic networks (primarily included in the Electric Power segment); and a business that specializes in designing, manufacturing, and distributing liquid-filled power transformers primarily for electrical companies and utilities (primarily included in the Electric Power and Renewable Energy segments).” 10-K for 2024 | acquisition | During the year ended December 31, 2024 | — |
five businesses located in the United States acquired during 2023Word for word“During the year ended December 31, 2023, we acquired five businesses located in the United States, including: a business that provides services related to high-voltage transmission lines, overhead and underground distribution, emergency restoration and industrial and commercial wiring and lighting (primarily included in the Electric Power segment); a business that procures parts, assembles kits for sale, manages logistics and installs solar tracking equipment for utility and development customers (primarily included in the Renewable Energy segment); a business that provides concrete construction services (primarily included in the Electric Power and Renewable Energy segments); a business specializing in power studies, maintenance testing and commissioning primarily for utility and commercial customers (included in the Electric Power segment) and a business that manufactures power transformers for the electric utility, renewable energy, municipal power and industrial markets (included in the Electric Power and Renewable Energy segments).” 10-K for 2024 | acquisition | During the year ended December 31, 2023 | — |
two businesses acquired subsequent to December 31, 2024, one in the United States specializing in civil solutions and one in Australia specializing in electrical engineeringWord for word“Subsequent to December 31, 2024, we acquired two businesses, one located in the United States that specializes in civil solutions, including site clearing, earthwork, soil stabilization and infrastructure development (which will be primarily included in the Underground and Infrastructure segment), and one located in Australia that specializes in electrical engineering and the design and manufacturing of industrial technology solutions including control systems (which will primarily be included in the Electric Power and Underground and Infrastructure segments).” 10-K for 2024 | agreed acquisition | Subsequent to December 31, 2024 | — |
two acquisitions completed subsequent to December 31, 2024 (consideration included 515,822 shares of common stock valued at $161.6 million)Word for word“Subsequent to December 31, 2024, we completed two acquisitions, and a portion of the consideration consisted of the unregistered issuance of shares of our common stock.” 10-K for 2024 | acquisition | Subsequent to December 31, 2024 | — |
a non-core businessWord for word“and an $11.9 million loss recorded during the year ended related to the disposition of a non-core business.” 10-K for 2024 | divestiture | — | $11.9 million loss |
investment in a non-integral equity unconsolidated affiliateWord for word“Net income attributable to non-controlling interests. The increase in net income attributable to non-controlling interests is primarily related to increased activity on certain joint ventures and the $5.0 million gain on the sale of the investment in a non-integral equity unconsolidated affiliate recorded during the year ended December 31, 2024 as described above.” 10-K for 2024 | divestiture | during the year ended December 31, 2024 | $5.0 million gain |
Dynamic Systems (DSI), LLCWord for word“On July 25, 2025, we completed the acquisition of Dynamic Systems (DSI), LLC (Dynamic Systems), which provides turnkey mechanical, plumbing and process infrastructure solutions to a diversified customer base that includes technology, semiconductor, healthcare and other load center markets.” 10-K for 2025 | acquisition | July 25, 2025 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Cash received from selling businesses | Goodwill from acquisitions |
|---|---|---|---|
| 2016-12-31 | $68.8 million | — | $45.2 million |
| 2017-12-31 | $361.2 million | — | $302.4 million |
| 2018-12-31 | $94.9 million | $0 | $56.3 million |
| 2019-12-31 | $388 million | $0 | $110.4 million |
| 2020-12-31 | $292.6 million | $18.8 million | $86.2 million |
| 2021-12-31 | $2.45 billion | $0 | $1.41 billion |
| 2022-12-31 | $195.1 million | $0 | $12.2 million |
| 2023-12-31 | $651.6 million | — | $453.6 million |
| 2024-12-31 | $1.75 billion | — | $1.31 billion |
| 2025-12-31 | $3.05 billion | — | $1.98 billion |
Deal filings since 2016
- 2026-08-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2026-08-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-08-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-08-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-08-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-08-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-08-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-07-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-07-22 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2022-08-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-10-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-10-15 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2021-09-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-09-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-09-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-09-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-09-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-09-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-12-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-10-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-11-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Quanta Services’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-19. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.