March 31, 2026
Weil is advising Primoris Services Corporation, a leading provider of critical infrastructure services to the utility, energy and renewables markets throughout the United States and Canada, in its definitive purchase agreement to acquire PayneCrest Electric, Inc. in an all-cash transaction valued at $422 million. The transaction is expected to close in the second quarter of 2026, subject to the receipt of regulatory approvals and other customary closing conditions.
The acquisition increases Primoris’ exposure to the high-growth data center services market and expands opportunities for integrating its industrial and renewables businesses with complementary electrical construction capabilities.
The Weil team is led by Mergers & Acquisitions partners James Griffin and Claudia Lai and includes Mergers & Acquisitions associates Enrico Bueno Da Silveira Leite, Jasmine Judge, Mackenzie Lucas and Connor Krauss; Banking & Finance partner Brendan Conley and associate Maheen Surani; Global Tax Chair Joe Pari and associate Madeline Joerg; Governance, Securities & Reporting partner Steven Bentsianov; Antitrust partners John Scribner and Michael Naughton and associate Meghana Appalaraju; Employment partner Rebecca Sivitz and associate Kate Belsito; Executive Compensation & Benefits partner Victoria Rosamond and associate Rebekah French; U.S. Privacy & Cybersecurity Head Olivia Greer; Technology & IP Transactions partner Karen Ballack and associates Amy Montoya and Chika Amene; Environmental partner Seth Kerschner and associate Graham McHenry; Regulatory Transactions partners John O’Loughlin, Antonia Tzinova and Ariel Fliman and associates Christina Carone and Colin Cox; Litigation partner Theodore Tsekerides and associate Andrew Ling; and Real Estate attorney Leslie Smith and associates Ilana Bier and Tamar Ungar.