Quanta Services to acquire Dynamic Systems in $1.35B deal

Quanta Services has agreed to acquire Dynamic Systems, a mechanical solutions provider, for approximately $1.35B. The deal consists of $1.15B in cash and $200M in Quanta common stock, with an additional potential earnout payment of up to $216M. The acquisition aims to expand Quanta's services and enhance its market presence in the U.S.

Quanta Services, Inc. (NYSE: PWR) has completed the acquisition of Dynamic Systems, LLC (Dynamic Systems), a premier turnkey mechanical and process infrastructure solutions provider, for approximately $1.35 billion. The deal consists of $1.15 billion in cash and $200 million in Quanta common stock, with an additional potential earnout payment of up to $216 million.

The acquisition aims to expand Quanta's services and enhance its market presence in the U.S. Dynamic Systems, founded in 1988 and headquartered in Austin, Texas, provides integrated turnkey mechanical solutions, including design and preconstruction, 3D modeling, modularization, construction, commissioning, and after-market services to a high-quality and diverse customer base in key markets across the United States. The company has a workforce of approximately 2,400 employees.

The acquisition is expected to be immediately accretive to Quanta's growth, cash flow conversion, and earnings per share. Quanta expects Dynamic Systems to contribute revenues of $425 million to $475 million, adjusted EBITDA of $45 million to $55 million, and adjusted diluted EPS of $0.08 to $0.12 for the remainder of 2025. For the full-year of 2026, Quanta estimates Dynamic Systems will contribute revenues of $1.25 billion to $1.45 billion, adjusted EBITDA of $125 million to $175 million, and adjusted diluted EPS of $0.32 to $0.47.

Duke Austin, Quanta's President and Chief Executive Officer, commented, "We are excited to announce the acquisition of Dynamic Systems and we welcome their employees to the Quanta family. Dynamic Systems has an excellent reputation for providing collaborative solutions focused on client success, which has resulted in ~80% of their business coming from repeat customers. They bring an exceptional management team and a premier craft-skilled workforce that complement Quanta's culture."

Dynamic Systems' existing management team will remain in place, with Russell Rehmann continuing as Chief Executive Officer and Jeff Vogt continuing as President. The acquisition is consistent with Quanta's key strategies for sustainable success and provides compelling financial contributions and a strong cultural fit.

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[1] https://www.prnewswire.com/news-releases/quanta-services-acquires-dynamic-systems-a-premier-turnkey-mechanical-and-process-infrastructure-solutions-provider-302517786.html