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Primoris completed the acquisition of Future Infrastructure from Tower Arch Capital for $620m.

Synopsis

Primoris Services, a provider of specialty contracting services in North America, completed the acquisition of Future Infrastructure, a provider of non-discretionary maintenance, repair, upgrade and installation services to the telecommunication, from Tower Arch Capital, a lower-middle market private equity fund, for $620m. “The addition of Future Infrastructure marks the completion of a strategic goal for Primoris, but also marks the beginning of a new stage in our strategic journey to create the Company we believe we can be – together. With values and cultures that are already aligned in many ways, we are confident that this combination will lead us to even greater successes,” Tom McCormick, Primoris President and Chief Executive Officer.

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