{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-22-010334","form_type":"8-K","ticker":"PRIM","cik":"0001361538","company_name":"Primoris Services Corp","filed_at":"2022-06-27T23:59:59+00:00","discovered_at":"2026-05-14T18:04:00.367406+00:00","generated_at":"2026-06-24T22:51:58.011344+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Primoris to acquire PLH Group for $470M; expects double-digit EPS accretion","bullets":["All-cash purchase price of $470 million; funded via $425M incremental term loans under existing credit facility.","PLH Group generated $733M revenue and $54M adjusted EBITDA for 12 months ended May 31, 2022.","Transaction nearly doubles Power Delivery business; Utilities segment to exceed 50% of pro forma revenue.","Primoris expects at least $10M in annual cost savings within 24 months and double-digit EPS accretion in 12 months.","Targeting net leverage of ~3.3x at close, de-levering to 2.0x by 2024; closing expected in Q3 2022."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-22-010334","json":"https://secwatch.observer/filing/0001558370-22-010334.json","markdown":"https://secwatch.observer/filing/0001558370-22-010334.md","text":"https://secwatch.observer/filing/0001558370-22-010334.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1361538/000155837022010334/0001558370-22-010334-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1361538/000155837022010334/prim-20220624x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-24T22:51:58.011344+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}