Blattner to be Acquired by Infrastructure Leader Quanta Services.
Posted on September 02, 2021 by Blattner Energy
Avon, Minn. — 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, President 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.”
Duke Austin, Quanta’s President and Chief Executive Officer, 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.”
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.
Following 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.
Culturally, Quanta and Blattner share similar values and business models that met Blattner’s key partner criteria. Both organizations are aligned in their focus on employees, customers and communities, with a safety-first approach. Additionally, Blattner and Quanta have collaborative approaches to long-term, trusted relationships with partners with specialized capabilities that will advance North America’s renewable energy transition.
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.”
Investment banking firm J.P. Morgan is serving as exclusive financial advisor to Blattner for this transaction.
About Blattner Company
Blattner Company, an industry leading renewable energy provider, is the parent company of Blattner Energy, Inc. and D.H. Blattner & Sons, Inc. that delivers expertise and collaborative renewable energy solutions for developers and utilities throughout North America. The Blattner Family of Companies provides complete engineering, procurement, project management and construction services for wind, solar and energy storage solutions. Powering forward, Blattner builds certainty through relationships, proven project management and self-performance of major work activities, ensuring safety, quality, efficiency, and customer satisfaction. For more information, visit: www.blattnercompany.com
About Quanta Services
Quanta Services is a leading specialized contracting services company, delivering comprehensive infrastructure solutions for the utility, communications, pipeline and energy industries. Quanta's comprehensive services include designing, installing, repairing and maintaining energy and communications infrastructure. With operations throughout the United States, Canada, Australia and select other international markets, Quanta has the manpower, resources and expertise to safely complete projects that are local, regional, national or international in scope. For more information, visit www.quantaservices.com.