Primoris Expands Utility Business With Acquisition Of PLH Group
Primoris Services Corp (NASDAQ: PRIM ) has agreed to acquire PLH Group, Inc. for $470 million in cash. PLH Group is a utility-focused specialty construction company with a concentration in key fast-growing regions of the U.S. This transaction doubles the Power Delivery business and increases PRIM''s Utilities segment to over 50% of pro forma revenue. The acquisition accelerates PRIM''s ongoing portfolio transition towards higher-growth, higher-margin markets and recurring Master Service Agreement … Full story available on Benzinga.com
Primoris Expands Utility Business With Acquisition Of PLH Group
Primoris Services Corp (NASDAQ: PRIM ) has agreed to acquire PLH Group, Inc. for $470 million in cash. PLH Group is a utility-focused specialty construction company with a concentration in key fast-growing regions of the U.S. This transaction doubles the Power Delivery business and increases PRIM''s Utilities segment to over 50% of pro forma revenue. The acquisition accelerates PRIM''s ongoing portfolio transition towards higher-growth, higher-margin markets and recurring Master Service Agreement … Full story available on Benzinga.com