---
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"
generated_at: "2026-06-24T22:51:58.011344+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Primoris to acquire PLH Group for $470M; expects double-digit EPS accretion

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-010334
- JSON: https://secwatch.observer/filing/0001558370-22-010334.json
- Plain text: https://secwatch.observer/filing/0001558370-22-010334.txt

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