Primoris Services Corporation Acquires Coastal Field Services
Primoris Services Corporation has acquired the assets of Coastal Field Services for $27.5 million paid in cash at closing. Based in Beaumont, Texas, Coastal Field Services provides pipeline construction and maintenance, pipe and vessel coating and insulation, and integrity support services for leading companies in the oil and gas industry. .
Under the terms of the merger agreement, Coastal Field Services will now operate as Primoris Coastal Field Services, part of Primoris’ Pipeline and Underground segment. Jeff Bridges, former co-owner and president, will continue to manage day-to-day operations as president.
“The acquisition of Coastal dovetails well with the work performed by our Primoris Pipeline and Field Services groups,” David King, Primoris President and CEO, said. “It allows us to offer our clients a wider range of services, including compressor station capital projects, pipeline integrity work, call-out work, and insulation of plant piping and vessels. Coastal provides Primoris an opportunity to increase our market share in the Gulf Coast energy market.”
Related News
From Archive
- Inside Sempra’s 72-mile pipeline with 18 major trenchless crossings
- Trump vetoes bill to finish $1.3 billion Colorado water pipeline
- PHMSA warns of heat risks in aging plastic gas distribution pipelines following deadly Pennsylvania explosion
- Infrastructure failure releases 100,000 gallons of wastewater in Houston; repairs ongoing
- OSHA seeks $1.2 million fine after fatal trench collapse in Connecticut
- Worm-like robot burrows underground to cut power line installation costs
- First tunnel boring machines complete testing for Hudson Tunnel Project
- Infrastructure failure releases 100,000 gallons of wastewater in Houston; repairs ongoing
- Construction jobs stumble into 2026 after weak year
- NWPX grows water infrastructure portfolio with Colorado precast facility
Comments