M&A Deal Summary

Primoris Services Acquires Rockford

On November 12, 2010, Primoris Services acquired construction company Rockford from Second City Capital Partners and Crown Capital Partners

Acquisition Highlights
  • This is Primoris Services’ 3rd transaction in the Construction sector.
  • This is Primoris Services’ 3rd transaction in the United States.
  • This is Primoris Services’ 1st transaction in Oregon.

M&A Deal Summary
Date 2010-11-12
Target Rockford
Sector Construction
Buyer(s) Primoris Services
Sellers(s) Second City Capital Partners
Crown Capital Partners
Deal Type Add-on Acquisition

Target

Rockford

Hillsboro, Oregon, United States
Rockford Corporation is a well-known medium and large diameter gas pipeline contractor with operations in California and Washington. In addition to pipeline construction the company is involved in pipeline maintenance, directional drilling, and facilities construction.

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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 3 of 14
Sector (Construction) 3 of 7
Type (Add-on Acquisition) 3 of 12
State (Oregon) 1 of 1
Country (United States) 3 of 14
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-21 James Construction Group

Baton Rouge, Louisiana, United States

James Construction Group LLC is a construction company.

Buy $135M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-13 Sprint Pipeline Services

Rosharon, Texas, United States

Sprint Pipeline Services LP is a provider of comprehensive range of pipeline construction, maintenance, upgrade, fabrication and specialty services primarily in the southeast United States.

Buy $28M

Seller(S) 2

SELLER

Second City Capital Partners

Vancouver, British Columbia, Canada
Category Private Equity Real Estate
Founded 2011
Size Small
Type Sector Focused
DESCRIPTION

Second City Capital Partners is a Canadian investment group historically focused on small to mid-sized company investments in the US and Canada. The Firm currently targets opportunistic US and Canadian real estate assets and will consider a variety of residential and commercial properties, including semi-developed or underutilized assets. The Firm primarily targets control positions. Second City Capital Partners is based in Vancouver.

DEAL STATS #
Overall 2 of 3
Sector (Construction) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Oregon) 1 of 1
Country (United States) 1 of 1
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-01 Rockford

Hillsboro, Oregon, United States

Rockford Corporation is a well-known medium and large diameter gas pipeline contractor with operations in California and Washington. In addition to pipeline construction the company is involved in pipeline maintenance, directional drilling, and facilities construction.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-01 Western Coal ULC

Vancouver, British Columbia, Canada

Western is a producer of high quality metallurgical coal from mines in northeast British Columbia (Canada) and high quality metallurgical coal and compliant thermal coal from mines.

Sell -
SELLER

Crown Capital Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

Category Lender
Founded 2000
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Crown Capital Partners, Inc. is a Canadian investment manager that provides alternative debt financing for private equity backed and non-sponsored middle market transactions. The Firm typically invests $5 to $25 million in the form of subordinated debt and bridge loans to support acquisitions, management buy-outs, growth financings and recapitalizations. Crown Capital Partners was founded in 2000 and is based in Toronto with an additional office in Calgary.

DEAL STATS #
Overall 5 of 13
Sector (Construction) 1 of 1
Type (Add-on Acquisition) 2 of 6
State (Oregon) 1 of 1
Country (United States) 1 of 2
Year (2010) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-03 Marble Point Energy

Calgary, Alberta, Canada

Marble Point Energy Ltd is engaged into evaluation, acquisition, exploration and development of oil and gas properties and owns Viking natural gas field nearby East Dodsland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-01 WellPoint Systems

Denver, Colorado, United States

WellPoint Systems is the industry leading supplier of solutions for managing accounting, land, production, marketing and venture management challenges for Oil and Gas companies. WellPoint oil-gas upstream solutions enable our clients operate their businesses more effectively while maximizing profit opportunities. on May 2, 2011 – P2 Energy Solutions has completed the asset acquisition of Canada-based WellPoint Systems Inc., form Bankruptcy.

Sell -
Mergr

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