Primoris Services (NASDAQ: PRIM) reported Q4 EPS of $0.17, $0.32 worse than the analyst estimate of $0.49. Revenue for the quarter came in at $487.6 million versus the consensus estimate of $622.96 million.

The company also announced that it has acquired Aevenia, Inc. (“Aevenia”), a subsidiary of Otter Tail Corporation (NASDAQ: OTTR). Headquartered in Moorhead, Minnesota, Aevenia is an energy and electrical construction company. The transaction closed on February 28, 2015 and was valued at approximately $23 million. For the year ended December 31, 2014, Aevenia generated EBITDA of $5.9 million on revenues of $44.4 million.

Aevenia specializes in overhead and underground line work, substations, telecom/fiber, and certain other client-specific on-demand call out services. The majority of their work is delivered under unit-price Master Services Agreements (“MSAs”). Aevenia has operations in Minnesota, North Dakota, South Dakota and Iowa.

Aevenia will be re-branded as Primoris AV, Energy and Electrical Construction Corporation, and operate as part of Primoris’ Energy segment. Current management, including Aevenia President Mike Hanson, will continue to manage day to day operations.

Brian Pratt, Primoris Chairman, President and CEO, commented, “The addition of Aevenia’s services is a logical expansion of Primoris’ existing offerings and opens up new geographies to us in the Midwest. Along with Aevenia’s profitable work for third-party clients, we believe there are opportunities for Aevenia to grow sales by performing in-house work for other Primoris subsidiaries. We’re pleased to have Mike Hanson and his team join the Primoris family, and we look forward to offering our customers a broader range of services.”

For earnings history and earnings-related data on Primoris Services (PRIM) click here.