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New Deal


Announced

Completed

Primoris Services completed the acquisition of PLH Group for $470m.

Financials

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Transaction Value£382m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales0.6x
EV/EBITDA8.7x
Share Price Premium-
One Off Charge-

Tags

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Majority

Specialty Contracting

United States

Single Bidder

Acquisition

Friendly

energy infrastructure

Domestic

Private

Completed

Synopsis

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Primoris Services, a specialty construction and infrastructure company, completed the acquisition of PLH Group, a full-service construction and specialty contractor, for $470m. "This acquisition aligns solidly with our strategic focus on higher-growth, higher-margin business segments. It expands our footprint for Power Delivery services at a time when improvement and expansion of our domestic electric grid is driving massive capital investment in this market," Tom McCormick, Primoris President and CEO.

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