Acquiring Company
Primoris Services Corporation
Acquired Company
PayneCrest Electric
DallasSt. LouisEnergyRenewable EnergySolarConstructionManufacturingConstructionBuilding MaintenanceBuilding MaterialDescription
Primoris Services Corporation announced it has entered into a definitive agreement to acquire PayneCrest Electric, Inc. in an all-cash transaction valued at $422 million. This acquisition will enhance Primoris' presence in the high-growth data center services market and integrate its operations with complementary electrical construction capabilities. The deal is expected to close in the second quarter of 2026, subject to regulatory approvals.
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Who to call at Primoris Services Corporation, and when
When Primoris Services Corporation changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Primoris Services Corporation raises, hires an executive or expands, scored against what you sell
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Frequently asked
Who acquired PayneCrest Electric?
PayneCrest Electric was acquired by Primoris Services Corporation, based in Dallas. The deal was reported on March 31, 2026. Primoris Services Corporation is a premier specialty contractor providing critical infrastructure services to the utility, energy, and renewables markets throughout the United States and Canada. Primoris Services Corporation is publicly traded (PRIM) and operates in Energy.
When did Primoris Services Corporation acquire PayneCrest Electric?
Primoris Services Corporation's acquisition of PayneCrest Electric was reported on March 31, 2026. Primoris Services Corporation announced it has entered into a definitive agreement to acquire PayneCrest Electric, Inc. in an all-cash transaction valued at $422 million. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does PayneCrest Electric do?
PayneCrest is a leading electrical construction and services provider supporting industrial, manufacturing, and advanced facilities. They deliver specialized electrical design, construction, and maintenance solutions across diverse sectors. It is privately held, operating in Manufacturing, and is based in St. Louis.
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