What did Quanta Services pay for Cupertino Electric, Inc.?

$1.54B, equivalent to 9.3× EBITDA / 0.72× revenue. Target revenue was approximately $2150.0M. Target EBITDA was approximately $165.0M.

ACQUIRED · 2024

Who Acquired Cupertino Electric, Inc.?

Quanta Services · $1.54B· 9.3× EBITDA

The acquisition

Cupertino Electric, Inc. (San Jose, CA) was acquired by Quanta Services in 2024 for $1.54B. Premier electrical infrastructure solutions provider serving technology, renewable energy and commercial industries. Sixth largest electrical contractor in the US. Founded 1954.. The deal was priced at 9.3× EBITDA / 0.72× revenue.

Cupertino Electric, Inc. at time of acquisition

Revenue

$2150.0M

EBITDA

$165.0M

Deal value

$1.54B

EV / EBITDA

9.3×

Other acquisitions by Quanta Services

Recent transactions by the same buyer — useful for understanding their playbook and what they typically pay.

Blattner Holding Company · 2021 · $2.70B · 9.3× EBITDA

Similar electrical acquisitions

Power Solutions, LLC · acquired by Dycom Industries in 2025 · $1.95B
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Infrastructure and Energy Alternatives, Inc. (IEA) · acquired by MasTec, Inc. in 2022 · $1.10B
Blattner Holding Company · acquired by Quanta Services in 2021 · $2.70B
Henkels & McCoy Group, Inc. · acquired by MasTec, Inc. in 2021 · $600.0M

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