M&A Deal Summary

Primoris Services Acquires Q3 Contracting

On November 13, 2012, Primoris Services acquired energy services and equipment company Q3 Contracting for 48M USD

Acquisition Highlights
  • This is Primoris Services’ 3rd transaction in the Energy Services and Equipment sector.
  • This is Primoris Services’ 5th largest (disclosed) transaction.
  • This is Primoris Services’ 7th transaction in the United States.
  • This is Primoris Services’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2012-11-13
Target Q3 Contracting
Sector Energy Services and Equipment
Buyer(s) Primoris Services
Deal Type Add-on Acquisition
Deal Value 48M USD

Target

Q3 Contracting

Little Canada, Minnesota, United States
Q3 Contracting is a privately owned and operated construction contracting company that provides both specific and turnkey services for its customers in the gas, oil, electric and telecommunications industry. Its labor force is experienced and highly mobile. In total the company workforce is nearly 700, with headquarters in Minnesota and branch offices in Denver, Colorado, Milwaukee, Wisconsin and Des Moines, Iowa.

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Buyer(S) 1

Buyer

Primoris Services

Dallas, Texas, United States
Category Company
Founded 1960
Sector Construction
Employees14,058
Revenue 5.7B USD (2023)
DESCRIPTION

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 7 of 14
Sector (Energy Services and Equipment) 3 of 5
Type (Add-on Acquisition) 7 of 12
State (Minnesota) 1 of 2
Country (United States) 7 of 14
Year (2012) 4 of 4
Size (of disclosed) 5 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-04 Saxon Construction

Suwanee, Georgia, United States

Saxon Construction, Inc. is a full service industrial construction enterprise with special expertise in the industrial gas processing and power plant sectors. Saxon specializes in providing high-level mechanical, piping, and electrical services to clients in the power, industrial gas processing, and mid-stream energy markets.

Buy $3M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-04 Ram-Fab

Crossett, Arkansas, United States

Ram-Fab is a fabricator of custom piping systems. Ram-Fab regularly works with both carbon and exotic metals and can provide complete turnkey fabrication solutions. They serve multiple market segments, including the petro-chemical, water/wastewater, mining, and heavy manufacturing industries.

Buy -
Mergr

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