Construction Acquisitions in 2017

Primoris Services Corporation has acquired Florida Gas Contractors, Inc., a Dade City, Florida-based utility contractor specializing in underground natural gas infrastructure. The acquisition expands Primoris' Utilities and Distribution footprint into central Florida and the Southeast; Hyde Park Capital served as exclusive investment banker to FGC and worked with the company's principals on the transaction.

Dallas-based private equity firm Calidant Capital announced a strategic partnership with Arcadia Roofing Company, LLC on March 23, 2017, providing equity, credit facilities (via Texas Capital Bank), and operational support to accelerate Arcadia's growth. Calidant's equity partners on the deal included several high-net-worth family offices and individuals led by Cordatus Capital.

Tejas Investments provided a strategic growth investment in Phoenix Electric, Inc., a Hutto, Texas-based multi-family electrical contractor. The transaction closed on January 3, 2017 with Focus Strategies Merchant Banking serving as exclusive advisor; the capital will support Phoenix Electric's continued service and growth across Texas.