Primoris Services Corporation To Acquire Willbros Group, Inc.

Primoris Services Corporation announced that it has entered into a definitive merger agreement to acquire Willbros Group, Inc. (“Willbros”) in an all-cash transaction. Primoris will pay $0.60 per share for all of the outstanding stock of Willbros and will settle all of the existing Willbros debt obligations, for an enterprise value of approximately $100 million.

Willbros is a specialty energy infrastructure contractor serving the Oil & Gas and Power industries across its three operating segments: Utility Transmission and Distribution (“UTD”), Oil & Gas, and Canada. Willbros’ infrastructure services platform provides a diverse base of utility, natural gas, and renewable customers with comprehensive engineering, construction, maintenance, repair, and restoration solutions. Read more> 

About the Author

Ginny Nolan
Ginny leads the research effort for Morrissey Goodale's executive search team. Her understanding of the AEC industry, combined with her experience in candidate sourcing, helps clients achieve consistent successful strategic hires.

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