Primoris Services Corp to Acquire PLH Group, Inc.

Ticker: PRIM · Form: 8-K · Filed: 2025-06-04T00:00:00.000Z

Sentiment: neutral

Topics: acquisition, pipeline, utility-construction

Related Tickers: PRIM

TL;DR

PRIM buying PLH Group to boost pipeline biz, deal closes Q3.

AI Summary

Primoris Services Corporation announced on June 3, 2025, that it has entered into a definitive agreement to acquire PLH Group, Inc. for an undisclosed amount. This acquisition is expected to close in the third quarter of 2025, subject to customary closing conditions. The transaction is anticipated to be accretive to Primoris' earnings per share in the first full year following closing.

Why It Matters

This acquisition expands Primoris' service offerings and geographic reach within the pipeline and utility construction sectors, potentially leading to increased revenue and market share.

Risk Assessment

Risk Level: medium — Acquisitions carry inherent risks, including integration challenges, potential overpayment, and failure to achieve expected synergies, which could impact financial performance.

Key Players & Entities

FAQ

What is the primary strategic rationale behind Primoris Services Corporation's acquisition of PLH Group, Inc.?

The acquisition is expected to expand Primoris' service offerings and geographic reach within the pipeline and utility construction sectors.

When is the acquisition of PLH Group, Inc. expected to be completed?

The acquisition is expected to close in the third quarter of 2025.

Will the acquisition of PLH Group, Inc. be immediately accretive to Primoris' earnings?

The transaction is anticipated to be accretive to Primoris' earnings per share in the first full year following closing.

Are there any specific financial terms disclosed for the acquisition of PLH Group, Inc.?

The filing does not disclose specific financial terms or the purchase price for the acquisition of PLH Group, Inc.

What are the conditions for closing the acquisition of PLH Group, Inc.?

The acquisition is subject to customary closing conditions.

From the Filing

0001361538-25-000026.txt : 20250604 0001361538-25-000026.hdr.sgml : 20250604 20250604172843 ACCESSION NUMBER: 0001361538-25-000026 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20250603 ITEM INFORMATION: Changes in Registrant's Certifying Accountant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250604 DATE AS OF CHANGE: 20250604 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Primoris Services Corp CENTRAL INDEX KEY: 0001361538 STANDARD INDUSTRIAL CLASSIFICATION: WATER, SEWER, PIPELINE, COMM AND POWER LINE CONSTRUCTION [1623] ORGANIZATION NAME: 05 Real Estate & Construction EIN: 204743916 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34145 FILM NUMBER: 251024199 BUSINESS ADDRESS: STREET 1: 2300 N. FIELD STREET, SUITE 1900 CITY: DALLAS STATE: TX ZIP: 75201 BUSINESS PHONE: 214-740-5600 MAIL ADDRESS: STREET 1: 2300 N. FIELD STREET, SUITE 1900 CITY: DALLAS STATE: TX ZIP: 75201 FORMER COMPANY: FORMER CONFORMED NAME: Primoris Services CORP DATE OF NAME CHANGE: 20080821 FORMER COMPANY: FORMER CONFORMED NAME: Rhapsody Acquisition Corp. DATE OF NAME CHANGE: 20060503 8-K 1 prim-20250603x8k.htm 8-K Primoris Services Corp (Form: 8-K, Received: 03/02/2012 16:32:53) 0001361538 false 0001361538 2025-06-03 2025-06-03 ​ ​ 19  ​   UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549   FORM  8-K   CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934   June 3, 2025 Date of Report (Date of earliest event reported)   Primoris Services Corporation (Exact name of Registrant as specified in its charter)   ​ ​ ​ ​ ​ ​ Delaware   001-34145   20-4743916 (State or other jurisdiction   (Commission File Number)   (I.R.S. Employer of incorporation)       Identification No.)   2300 N. Field Street , Suite 1900 , Dallas , Texas 75201 (Address of principal executive offices) (Zip Code)   (214) 740-5600 Registrant’s telephone number, including area code   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below):   ☐             Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐             Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐             Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐             Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ​ Securities registered pursuant to Section 12(b) of the Act: ​ ​ ​ Title of each class Trading symbol(s) Name of each exchange on which registered Common Stock , $0.0001 par value PRIM New York Stock Exchange ​   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). ​ Emerging growth company ☐ ​ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ ​ ​ ​ ​ ​

View on Read The Filing