# Primoris Services to acquire PayneCrest Electric for $422M

Primoris Services Corporation announced it will acquire PayneCrest Electric, Inc. in an all-cash transaction valued at $422 million, expanding its electrical construction capabilities.

- Type: Acquisition
- Announced: 2026-03-31
- Where: St. Louis, Missouri, United States
- Value: $422.0M
- Status: announced
- Products: electrical construction and maintenance services
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Primoris Services Corporation](https://endata.com/companies/35185.md) (acquirer)
- [PayneCrest Electric](https://endata.com/companies/91114.md) (target)

## Sources

- [advfn.com](https://www.advfn.com/stock-market/NYSE/PRIM/stock-news/98184866/primoris-services-corporation-to-acquire-paynecres), 2026-03-31: "The addition of PayneCrest's highly skilled workforce, experienced leadership, and strong customer relationships are an excellent strategic and cultural fit for Primoris."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.