Blattner to be Acquired by Infrastructure Leader Quanta Services
Blattner Company the leading renewable energy provider in North America, and parent company of Blattner Energy, Inc. and D.H. Blattner & Sons, Inc., announced that it has it has identified a strategic partner and entered into a definitive agreement to be acquired by Quanta Services, Inc. Houston-based Quanta is a leading specialized contracting services company, delivering comprehensive infrastructure solutions for the utility, communications, pipeline and energy industries with operations throughout the United States, Canada, Australia and select other international markets.
“Today’s announcement marks the exciting culmination of a process that we began in January 2021,” said Scott Blattner, resident of Blattner. “Our goal was to find a transformational partner to further strengthen our market leadership position, provide additional support to take advantage of next-generation opportunities emerging in the renewable energy market and contribute to added, long-term success for employees and customers. We’ve found that in Quanta a Fortune 300 company with a proven track record of acquiring businesses like ours with great success. Quanta is committed to their operating units’ leadership, locations and communities that aligns with their company culture and approach to business. We look forward to joining their family of companies and adding the additional scale and support needed for our organization to continue leading and delivering certainty to our renewable energy customers.”
The transaction has been unanimously approved by the Board of Directors of both Blattner and Quanta and is expected to close in the fourth quarter of 2021, subject to receiving required regulatory approvals and the satisfaction of other customary closing conditions.
Duke Austin, Quanta’s president and CEO, commented, “We are excited to announce our intention to acquire Blattner and we look forward to welcoming their employees to the Quanta family of companies. Both Blattner and Quanta are rooted in entrepreneurial, family-operated businesses that are focused on safety and care deeply about their employees. We believe what Quanta is to the electric power solutions industry, Blattner is to the utility-scale renewable energy solutions industry. Together, we will be focused on what we believe are the most attractive areas of the electric infrastructure complex. Blattner will bring an exceptional management team that we believe will enhance our ability to collaborate with our customers to shape North America’s energy transition to a carbon-neutral economy.”
Following the transaction close, Blattner’s office locations and management team will remain in place, with Scott Blattner continuing in his leadership role as president. Blattner will serve as a platform operating unit of Quanta.
Concluded Blattner, “Our industry is on the cusp of rapid change and evolution – with the potential for a transformative worldwide energy revolution. We seek to remain a leader and entrepreneur by transforming our organization with additional scale and support. Our employees, customers, partners and communities deserve the best in this evolving industry as Blattner also continues to evolve. Joining together with Quanta will create an even brighter future for Blattner and provide more opportunities for long-term success.”
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