Primoris Services Corporation Completes PLH Group Acquisition

Source: www.gulfoilandgas.com 8/1/2022, Location: North America

Primoris Services Corporation, a leading provider of specialty contracting services in North America, announced that it has closed its acquisition of PLH Group, Inc. (“PLH Group” or “PLH”) in an all-cash transaction valued at $470 million. The transaction directly aligns with Primoris’ strategic focus on higher-growth, higher-margin markets and expands its capabilities in the utility markets, including power delivery, communications, and gas utilities.

PLH Group is a utility-focused specialty services company with concentration in growing regions of the U.S. As a result of the acquisition, the majority of PLH operations will be incorporated into Primoris’ Utilities Segment, with the remaining operations going into the Energy/Renewables and Pipeline segments.

“The addition of PLH is an important step in enhancing both the size and scale of our operations in the Power Delivery and Gas Utilities markets. This acquisition will help us capture substantial growth tailwinds as the U.S. transitions to greater dependence on both traditional and renewable energy sources,” said Tom McCormick, Primoris’ President and Chief Executive Officer. “We welcome the PLH team to the Primoris family of companies as we work together to drive our company forward.”


Bermuda >>  9/23/2022 -  Höegh LNG Holdings Ltd. (“Höegh LNG”) announced the completion of its previously announced acquisition of Höegh LNG Partners LP, pursuant to which Hö...
United States >>  9/23/2022 - Reliance New Energy Limited (“RNEL”), a wholly owned subsidiary of Reliance Industries Ltd (“Reliance”), has signed definitive agreements to invest i...

United States >>  9/22/2022 - Talos Energy Inc. announced the execution of definitive agreements to acquire EnVen Energy Corporation ("EnVen"), a private operator in the deepwater ...
Norway >>  9/21/2022 - Reference is made to the stock exchange announcement on 29 June 2022 regarding the recommended voluntary exchange offer (the "Offer") by TGS ASA ("TGS...

United Kingdom >>  9/21/2022 - Purus Marine (“Purus”, or the “Company”) today announced the acquisition of HST Marine (“HST”), a leading UK-based provider of Crew Transfer Vessels (...
United States >>  9/21/2022 - On 1 March 2022, Neste Corporation and Marathon Petroleum Corporation (Marathon) announced an agreement to establish a 50/50 joint venture to produce ...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.