M&A Deal Summary

Primoris Services Acquires Willbros Group

On March 28, 2018, Primoris Services acquired construction company Willbros Group for 100M USD

Acquisition Highlights
  • This is Primoris Services’ 6th transaction in the Construction sector.
  • This is Primoris Services’ 4th largest (disclosed) transaction.
  • This is Primoris Services’ 12th transaction in the United States.
  • This is Primoris Services’ 5th transaction in Texas.

M&A Deal Summary
Date 2018-03-28
Target Willbros Group
Sector Construction
Buyer(s) Primoris Services
Deal Type Add-on Acquisition
Deal Value 100M USD
Advisor(s) Greenhill & Co., Inc. (Financial)

Target

Willbros Group

Houston, Texas, United States
Willbros Group, Inc. is a provider of energy infrastructure contractor serving the oil, gas, refining, petrochemical and power industries. Its offerings include engineering, procurement and construction (either individually or as an integrated EPC service offering), maintenance, facilities development and operations services.

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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 12 of 14
Sector (Construction) 6 of 7
Type (Add-on Acquisition) 10 of 12
State (Texas) 5 of 7
Country (United States) 12 of 14
Year (2018) 1 of 1
Size (of disclosed) 4 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-20 Coastal Field Services

Beaumont, Texas, United States

Coastal Field Services is a provider of pipeline construction and maintenance, pipe and vessel coating and insulation, and integrity support services for leading companies in the oil and gas industry.

Buy $28M
FOLLOWING DEAL
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
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