M&A Deal Summary

Primoris Services Acquires Saxon Construction

On October 4, 2012, Primoris Services acquired energy services and equipment company Saxon Construction for 3M USD

Acquisition Highlights
  • This is Primoris Services’ 2nd transaction in the Energy Services and Equipment sector.
  • This is Primoris Services’ 11th largest (disclosed) transaction.
  • This is Primoris Services’ 6th transaction in the United States.
  • This is Primoris Services’ 1st transaction in Georgia.

M&A Deal Summary

Date 2012-10-04
Target Saxon Construction
Sector Energy Services and Equipment
Buyer(s) Primoris Services
Deal Type Add-on Acquisition
Deal Value 3M USD

Target

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.

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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 6 of 14
Sector (Energy Services and Equipment) 2 of 5
Type (Add-on Acquisition) 6 of 12
State (Georgia) 1 of 1
Country (United States) 6 of 14
Year (2012) 3 of 4
Size (of disclosed) 11 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-04 The Silva Companies

Houston, Texas, United States

The Silva Companies is a provider of transportation infrastructure maintenance, asphalt paving, and material sales in the Gulf Coast region of the United States.

Buy $14M
FOLLOWING 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