Primoris Services Corp Acquires PayneCrest Electric For $422M To Expand Data Center, Industrial, And Renewables Services; 2026 Revenue Contribution Estimated At $260M To $280M

Primoris Services Corporation has announced the acquisition of PayneCrest Electric, Inc. for $422 million in an all-cash transaction. This acquisition aims to enhance Primoris' capabilities in the data center services market and is expected to contribute between $260 million to $280 million in revenue and $28 million to $32 million in adjusted EBITDA for the year 2026. PayneCrest, based in St. Louis, is recognized for its expertise in electrical construction and services across various sectors.