Primoris Services Corporation Acquires Florida Gas Contractors, Inc.

Primoris Services Corporation to Acquire PayneCrest Electric, Inc.

April 1, 2026

Industrial Services

Primoris Services Corporation (NYSE: PRIM) entered into a definitive all-cash agreement to acquire PayneCrest Electric, Inc. for $422 million. The deal is expected to close in the second quarter of 2026, subject to regulatory approvals and customary closing conditions.

Palmdale Propane Acquires Gatorgas LP

June 26, 2025

Energy

Palmdale Propane, a subsidiary of Palmdale Oil, has acquired Gatorgas LP, a family-owned propane distributor serving North Central Florida and the Gulf Coast. The acquisition expands Palmdale's geographic footprint and distribution capabilities in Central Florida; financial terms were not disclosed.

Civic Renewables Acquires Florida Power Management

September 9, 2024

Renewable Energy

Civic Renewables, backed by GEF Capital, has acquired Florida Power Management (FPM), a leading local solar installer serving the Orlando and Tampa markets. The deal brings FPM into Civic's growing national platform of local clean energy businesses to scale operations and accelerate solar adoption across the U.S.

Stellar Development Acquires The CGC Group Florida LLC

June 5, 2024

Construction

Stellar Development, a Sarasota-based general contracting firm, has acquired The CGC Group Florida LLC to expand its service offerings and footprint in the Florida market. The deal brings CGC leader Craig Campbell into Stellar as a project executive and is intended to strengthen Stellar's private-sector capabilities across commercial, healthcare and industrial projects.

Primoris Services Corporation Acquires PLH Group, Inc. for $470M

June 27, 2022

Construction

Primoris Services Corporation (NASDAQ: PRIM) has completed the acquisition of PLH Group, Inc. in an all-cash transaction valued at $470 million. The deal expands Primoris' capabilities and geographic footprint in utility-focused markets — particularly power delivery, communications and gas utilities — and is expected to be accretive with cost and revenue synergies.

Petroleum Service Corporation (PSC) Acquires Fryoux Tankerman Service

December 15, 2020

Oil & Gas

Petroleum Service Corporation (PSC), a portfolio company of Aurora Capital Partners, has signed an agreement to acquire certain assets of Fryoux Tankerman Service and will absorb Fryoux's shoreside tankerman operations along the U.S. Gulf Coast. The transaction expands PSC's Gulf Coast footprint and personnel capacity to better serve refineries, terminals and petrochemical customers; Jimmy Fryoux will join PSC's marine operations team as an advisor.