Company:

H.C. Price

Role:

Financial Advisor

Transaction:

Merger with Gregory & Cook

Closing Date:

February 2008

Background:

H.C. Price is an innovative, market-leading, privately held pipeline and facilities construction firm. The company has a proven track record, with capabilities in the United States, Canada and Alaska.

Raymond James’ Role:

Raymond James acted as the sole financial advisor to H.C. Price. Raymond James identified and introduced potential strategic and financial buyers to H.C. Price management. CIMs went to approximately 40 parties for review and consideration. Raymond James received term sheets from several parties interested in a transaction with H.C. Price. Raymond James assisted the company in analyzing and reviewing each proposal and negotiating the terms of the LOI. Raymond James valued the non-cash consideration in the transaction and analyzed the potential value of such consideration. H.C. Price agreed to be merged with Gregory & Cook to create Price Gregory Services, Inc., a new platform company of SCF Partners, which is sponsoring the formation transaction.