Quanta Services, Inc. (PWR) unveiled that it acquired San Jose, CA-based Cupertino Electric, Inc. (CEI) for approximately $1.54 billion. The deal combines $1.3 billion in cash and 883,000 shares of Quanta common stock valued at roughly $225 million. The deal, finalized on Jul 17, also includes a potential earnout of up to $200 million based on future financial performance targets.Acquisition SynergiesThe integration of CEI’s skilled workforce and management aligns seamlessly with Quanta’s culture. This acqu ...