M&A Deal Summary |
|
|---|---|
| Date | 2022-06-27 |
| Target | PLH Group |
| Sector | Construction |
| Buyer(s) | Primoris Services |
| Sellers(s) | ECP |
| Deal Type | Add-on Acquisition |
| Deal Value | 470M USD |
| Advisor(s) | Stifel, Nicolaus & Co., Inc. (Financial) K&L Gates (Legal) |
SEARCH BY
Try For Free 7-Day Free Trial
| Category | Company |
|---|---|
| Founded | 1960 |
| Sector | Construction |
| Employees | 14,058 |
| Revenue | 5.7B USD (2023) |
Primoris Services is a provider of a 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.
| DEAL STATS | # |
|---|---|
| Overall | 14 of 14 |
| Sector (Construction) | 7 of 7 |
| Type (Add-on Acquisition) | 12 of 12 |
| State (Texas) | 7 of 7 |
| Country (United States) | 14 of 14 |
| Year (2022) | 1 of 1 |
| Size (of disclosed) | 2 of 11 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-01-15 |
Future Infrastructure
Mesquite, Texas, United States Future Infrastructure is a provider of non-discretionary maintenance, repair, upgrade, and installation services to the telecommunication, regulated gas utility, and infrastructure markets. Future Infrastructure was founded in 1999 and is based in Mesquite, Texas. |
Buy | $620M |
ECP is a specialist private equity firm focused on investments in energy infrastructure. Specific areas of interest include power generation, including renewable energy facilities; electric transmission; midstream gas, including gas storage and pipelines; and other energy service businesses and infrastructure assets. The Firm primarily targets opportunities located in North America. ECP was formed in 2005 and is based in Summit, New Jersey.
| DEAL STATS | # |
|---|---|
| Overall | 22 of 24 |
| Sector (Construction) | 1 of 1 |
| Type (Add-on Acquisition) | 10 of 12 |
| State (Texas) | 9 of 9 |
| Country (United States) | 22 of 22 |
| Year (2022) | 2 of 2 |
| Size (of disclosed) | 4 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-06-03 |
Sendero
Houston, Texas, United States Sendero is a premier gas gathering and processing business located in Eddy County, New Mexico, one of the most actively developed counties in the Permian Basin. Sendero was formed in 2014 and is based in Houston, Texas. |
Sell | $600M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-07-07 |
Metrus Energy
San Francisco, California, United States Metrus provides innovative EaaS financing solutions for large-scale energy-efficiency and renewable-energy projects. The Company’s signature Sustainable Energy Services Agreement (SESA) product is a proven financing tool that enables commercial, industrial, and institutional customers to undertake large energy and water efficiency projects with no upfront capital outlay. It has successfully implemented energy and water efficiency upgrades in over 690 facilities nationwide, saving nearly 785 thousand metric tons of CO2 for a wide range of customers, including Fortune 500 and education sector clients. Metrus was formed in 2009 and is based in San Francisco, California. |
Buy | - |
