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Announced

Completed

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

Financials

Transaction Value

£382m

Consideration Type

Cash

Capital Owned

+ Add

Capital bid for

100%

EV/Sales

0.6x

EV/EBITDA

8.7x

Share Price Premium

+ Add

Transaction Tags

Majority

Specialty Contracting

United States

Single Bidder

Acquisition

Friendly

energy infrastructure

Domestic

Private

Completed

Synopsis

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.

Sources

Press Release

Primoris Services

Completion Announcement

Primoris Services

Press Release

PLH Group

Financials

Transaction Value

£382m

Consideration Type

Cash

Capital Owned

+ Add

Capital bid for

100%

EV/Sales

0.6x

EV/EBITDA

8.7x

Share Price Premium

+ Add

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