M&A TRANSACTION · 2024
Cupertino Electric, Inc. acquired by Quanta Services
$1.54B· 9.3x EBITDA· 0.72x revenue
Target
Cupertino Electric, Inc.
San Jose, CA
Premier electrical infrastructure solutions provider serving technology, renewable energy and commercial industries. Sixth largest electrical contractor in the US. Founded 1954.
Acquirer
Quanta Services
Strategic buyer
Disclosed financials at time of acquisition
Revenue
$2150.0M
EBITDA
$165.0M
Deal Value
$1.54B
EV/EBITDA
9.3x
Context
This $1.54B acquisition of Cupertino Electric, Inc. by Quanta Services sits in the electrical sub-vertical. The 9.3x EBITDA multiple paid in 2024 can be compared against the population median for electrical transactions of similar size on our Electrical valuation hub. Quanta Services is acquiring as a strategic buyer; see how strategic acquirers typically price electrical businesses on our Electrical strategic buyer-pool page.
Source
Data sourced from Quanta Services press release — primary source. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology
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