Primoris Services Corp. (PRIM) announced that its James Construction Group subsidiary has acquired the assets of Silva Contracting Company, Inc., Tarmac Materials, LLC and C3 Interests, LLC.
The company said that the Silva Companies provide transportation infrastructure maintenance, asphalt paving, and material sales in the Gulf Coast region of the United States.
Total consideration was approximately $14 million in cash, which represents the market value of acquired real estate and equipment.
The Silva Companies will operate within James Construction Group as part of Primoris's East Construction Services segment, Primoris stated.
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