MRO Magazine

Primoris Services Corporation Announces Underground Awards Valued at $13 Million


June 22, 2015
By Business Wire News

DALLAS

Primoris Services Corporation (NASDAQ Global Select:PRIM) (“Primoris” or “Company”) today announced new underground awards valued at $13 million. The contracts were secured by Primoris Pipelines Services, a division of Primoris Energy Services and part of the Energy segment.

  • The combined awards are from a large utility customer for over 11 miles of 12” diameter pipeline in Gaston County, North Carolina.
  • Construction is scheduled to start in the second quarter of 2015 and is anticipated to be completed in the fourth quarter of 2015.

ABOUT PRIMORIS

Founded in 1960, Primoris, through various subsidiaries, has grown to become one of the largest publicly traded specialty construction and infrastructure companies in the United States. Serving diverse end-markets, Primoris provides a wide range of construction, fabrication, maintenance, replacement, water and wastewater, and engineering services to major public utilities, petrochemical companies, energy companies, municipalities, state departments of transportation, and other customers. Growing both organically and through acquisitions, the Company’s national footprint now extends nearly nationwide and into Canada. For additional information, please visit www.prim.com.

FORWARD LOOKING STATEMENTS

This press release contains certain forward-looking statements, including with regard to the Company’s future performance. Words such as “estimated,” “believes,” “expects,” “projects,” “may,” and “future” or similar expressions are intended to identify forward-looking statements. Forward-looking statements inherently involve known and unknown risks, uncertainties, and other factors, including without limitation, those described in this press release and those detailed in the “Risk Factors” section and other portions of our Annual Report on Form 10-K for the period ended December 31, 2014, and other filings with the Securities and Exchange Commission. Given these uncertainties, you should not place undue reliance on forward-looking statements. Primoris does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

Primoris Services Corporation
Director of Investor Relations
Kate Tholking, 214-740-5615
ktholking@prim.com