Construction M&A » By The Online Investor Staff, updated Sat., Jan. 23, 7:21 PM
Recent mergers and acquisitions in the Construction M&A category.
| This Slide: #99 of 100 |
Slide #99. Primoris Services Corporation — The Saxon Group, Inc.
Acquirer:
Primoris Services Corporation (NASDAQ:PRIM)
Acquiree:
The Saxon Group, Inc.
Details:
Primoris Services Corporation announced that its Primoris Energy Services subsidiary has acquired the assets of The Saxon Group, Inc.. Based in Suwanne, Georgia, just outside of Atlanta, Saxon is a full service industrial construction enterprise with special expertise in the industrial gas processing and power plant sectors. For 2011, Saxon revenues were approximately $38 million from such projects as a new power plant and new natural gas compression facilities. Total consideration was approximately $3.2 million, including a $2.5 million incentive provision based on Saxon achieving $4 million of EBITDA (as that term is defined in the asset purchase agreement) during the seven quarters that end June 30, 2014.
Primoris Services provides contracting services. Co.'s segments are: Power, Industrial, and Engineering, which includes engineering, procurement, construction, repairs, and maintenance services; Pipeline and Underground, which includes pipeline construction and maintenance, pipeline facility, and integrity services; Utilities and Distribution, which includes installation and maintenance of natural gas utility distribution systems and pipeline integrity services; Transmission and Distribution, which includes installation and maintenance of electric utility transmission, substation, and distribution systems; and Civil, which includes highway and bridge construction, demolition, and site work.
PRIM SEC Filing Email Alerts Service
Open the PRIM Page at The Online Investor »
|
|||||||||||||||||||||
Open the PRIM Page at The Online Investor (in a new window) »
|
|
Avg. Broker Rec.
 
|
Buy (3.33 out of 4) 48th percentile
(ranked lower than approx. 52% of all stocks covered)
Analysts' Target Price: PRIM Stock Forecast Based on Zacks ABR data; powered by Xignite |
