M&A Deal Summary

Primoris Services Acquires Ram-Fab

On September 4, 2014, Primoris Services acquired energy services and equipment company Ram-Fab from Ascent Industries

Acquisition Highlights
  • This is Primoris Services’ 4th transaction in the Energy Services and Equipment sector.
  • This is Primoris Services’ 8th transaction in the United States.
  • This is Primoris Services’ 1st transaction in Arkansas.

M&A Deal Summary
Date 2014-09-04
Target Ram-Fab
Sector Energy Services and Equipment
Buyer(s) Primoris Services
Sellers(s) Ascent Industries
Deal Type Divestiture

Target

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.

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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 8 of 14
Sector (Energy Services and Equipment) 4 of 5
Type (Divestiture) 1 of 2
State (Arkansas) 1 of 1
Country (United States) 8 of 14
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-13 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.

Buy $48M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-03 Aevenia

Moorhead, Minnesota, United States

Aevenia, Inc. is an energy and electrical construction company. With seven areas of expertise, we cover every critical aspect of your project. Aevenia specializes in overhead and underground line work, substations, telecom/fiber, and certain other client-specific on-demand call out services.

Buy $23M

Seller(S) 1

SELLER

Ascent Industries

Oak Brook, Illinois, United States
Category Company
Founded 1945
Sector Manufacturing
Employees514
Revenue 262M USD (2022)
DESCRIPTION

Ascent Industries encompasses a portfolio of highly respected manufacturing businesses including Manufacturers Chemicals, DanChem, CRI Tolling, Bristol Tubular Products, the stainless steel and galvanized pipe and tube operations of Marcegaglia USA, and American Stainless Tubing. Ascent Industries was founded in 1945 and is based in Oak Brook, Illinois.

DEAL STATS #
Overall 1 of 2
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Arkansas) 1 of 1
Country (United States) 1 of 2
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-29 Color Resources

Fountain Inn, South Carolina, United States

Color Resources LLC is a manufacturer of chemical colorants.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-21 Specialty Pipe & Tube

Mineral Ridge, Ohio, United States

Specialty Pipe & Tube is a distributor of hot finish, seamless, carbon steel pipe and tubing, with an emphasis on large outside diameters and exceptionally heavy wall thicknesses. Specialty Pipe & Tube was founded in 1964 and is based in Mineral Ridge, Ohio.

Buy $32M
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