---
schema_version: "secwatch.filing_event.v1"
accession: "0001361538-22-000024"
form_type: "8-K"
ticker: "PRIM"
cik: "0001361538"
company_name: "Primoris Services Corp"
filed_at: "2022-08-01T23:59:59+00:00"
generated_at: "2026-06-24T06:23:40.059198+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Primoris completes $470M all-cash acquisition of PLH Group, expands utility capabilities

## Summary
- Acquisition closed Aug 1, 2022; Primoris paid $470M cash for PLH Group, a utility-focused specialty services company.
- Financed via new $945M term loan and $325M revolver under Third Amended Credit Agreement maturing Aug 1, 2027.
- PLH operations to be incorporated into Primoris' Utilities Segment; remainder into Energy/Renewables and Pipeline segments.
- Quarterly principal payments on term loan ~$11.8M starting Sep 30; loans bear interest at Term SOFR plus margin or base rate.
- CEO Tom McCormick says acquisition captures growth tailwinds from U.S. energy transition, aligns with higher-growth markets.

## SEC filing metadata
- accession: 0001361538-22-000024
- form_type: 8-K
- ticker: PRIM
- cik: 0001361538
- company_name: Primoris Services Corp
- filed_at: 2022-08-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1361538/000136153822000024/0001361538-22-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1361538/000136153822000024/prim-20220801x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001361538-22-000024
- JSON: https://secwatch.observer/filing/0001361538-22-000024.json
- Plain text: https://secwatch.observer/filing/0001361538-22-000024.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.