Primoris Services - M&A Summary and Business Overview

ConstructionCompany

Primoris Services M&A Summary

Primoris Services has acquired 15 companies, including 2 in the last 5 years. A total of 4 acquisitions came from private equity firms.

Primoris Services’ largest acquisition to date was in 2021, when it acquired Future Infrastructure Holdings for $620M. Primoris Services has acquired in 7 different US states. The Company’s most targeted sectors include construction (50%) and energy services and equipment (36%).

Primoris Services Business Overview

Where is Primoris Services headquartered?

Primoris Services is headquartered in Dallas, Texas.

What is Primoris Services’ revenue?

Primoris Services disclosed revenue of 4,421M USD for 2022 and 3,498M USD for 2021.

How many employees does Primoris Services have?

Primoris Services has 10,414 employees.

What sector is Primoris Services in?

Primoris Services is a construction company.

When was Primoris Services founded?

Primoris Services was founded in 1960.

M&A Summary

  • M&A Total Activity14
    • M&A Buy Activity14
  • Total Sectors Invested 4
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 6
  • M&A Advisors 4

Primoris Services

Primoris Services Corp.

2300 North Field Street Suite 1900,
Dallas, Texas 75201
United States,
(214) 740-5600
www.primoriscorp.com

Primoris Services is a provider of wide range of construction, fabrication, maintenance, replacement, water and wastewater, and engineering services to major public utilities, petrochemical companies, energy companies, municipalities, and other customers. Primoris Services was founded in 1960 and is based in Dallas, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 12 - 1 1 - - 14
vol $412M $620M $470M $1.5B
Sell (0.0/yr) # - - - - - - 0
  14

Most Recent M&A

Company Date Value Type
PLH Group, Inc. 2022-06-27 470M USD Add-on Acquisition
Irving, Texas · www.plhgroupinc.com
Future Infrastructure Holdings LLC 2021-01-15 620M USD Add-on Acquisition
Mesquite, Texas · www.future-infrastructure.com
Willbros Group, Inc. 2018-03-28 100M USD Add-on Acquisition
Houston, Texas · www.willbros.com
Coastal Field Services 2017-06-20 28M USD Add-on Acquisition
Beaumont, Texas · www.coastalfieldservices.com
Florida Gas Contractors 2017-05-30 33M USD Add-on Acquisition
Dade City, Florida · www.flgascontractors.com
Aevenia, Inc. 2015-03-03 23M USD Divestiture
Moorhead, Minnesota · www.aevenia.com
Ram-Fab, Inc. 2014-09-04 - Divestiture
Crossett, Arkansas
Q3 Contracting, Inc. 2012-11-13 48M USD Add-on Acquisition
Little Canada, Minnesota · www.q3contracting.com
Saxon Construction, Inc. 2012-10-04 3M USD Add-on Acquisition
Suwanee, Georgia · www.thesaxongroupinc.com
The Silva Companies 2012-06-04 14M USD Add-on Acquisition
Houston, Texas
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Construction 7 (50%) 766M (51%) - -
Energy Services and Equipment 5 (36%) 102M (7%) - -
Business Services 1 (7%) 14M (1%) - -
Infrastructure 1 (7%) 620M (41%) - -
Total 14 $1.5B - -

By Geo

State/Country Buy Value Sell Value
United States 14 1.5B - -
  Texas 7 1.3B - -
  Minnesota 2 71M - -
  Oregon 1 - - -
  Louisiana 1 135M - -
  Georgia 1 3M - -
  Florida 1 33M - -
  Arkansas 1 - - -
Total 14 $1.5B - -

Top M&A Advisors

Financial Deals
UBS Investment Bank
 1
Houlihan Lokey
 1
Legal Deals
Gibson, Dunn & Crutcher
 1
Weil Gotshal & Manges
 1

Deal Values

buy # Total
$100M to $1B 3 $1.2B
< $100M 8 $277M
TOTAL $1.5B
Largest Future Infrastructure Holdings LLC
$620M (2021-01-15)

M&A Connections

Deals
Acquired from
Investor(s)
21%
3 (21%)
Strategic(s)
14%
2 (14%)

Company Summary

SECTOR

Construction

Revenue

4,421   27% 2022
3,498   1% 2021
3,491   13% 2020
3,106   6% 2019
2,939   24% 2018
2,380   20% 2017
1,997   4% 2016
1,929   8% 2015
2,086   8% 2014
1,944   27% 2013
1,541   2012
(millions of USD) Show More Show Less

Employees

10,414

Established

1960

Public

NASDAQ: PRIM

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