BRIEF-Primoris Services Corporation To Acquire Paynecrest Electric, Inc., Expanding Electrical Capabilities

Primoris Services Corporation

Primoris Services Corporation

PRIM

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Primoris Services Corp PRIM.N:

  • PRIMORIS SERVICES CORPORATION TO ACQUIRE PAYNECREST ELECTRIC, INC., EXPANDING ELECTRICAL CAPABILITIES

  • PRIMORIS SERVICES CORP - TO BUY PAYNECREST IN ALL-CASH DEAL VALUED AT $422 MILLION

  • PRIMORIS SERVICES CORP - ACQUISITION EXPECTED TO CONTRIBUTE $260-$280 MILLION REVENUE, $28-$32 MILLION ADJUSTED EBITDA IN FY2026

  • PRIMORIS SERVICES CORP - $400 MILLION OF PURCHASE PRICE TO BE FUNDED THROUGH BORROWINGS UNDER AMENDED CREDIT AGREEMENT

Source text: ID:nBwcfZWhwa

Further company coverage: PRIM.N


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