Primoris Services Corporation Announces Industrial Award Valued at Over $27 Million

11/20/17

DALLAS, Nov. 20, 2017 (GLOBE NEWSWIRE) -- Primoris Services Corporation (NASDAQ:PRIM) (“Primoris” or “Company”) today announced a new industrial award valued at over $27 million. The contract was secured by ARB Industrial, part of the Power, Industrial, & Engineering segment.

  • The project was awarded by a refiner and is located in Southern California. The project is part of a plan to reduce emissions and increase efficiency at the existing facilities.
  • ARB’s scope of work from this award includes mechanical, electrical, and instrumentation work. This is in addition to contracts previously awarded to ARB involving civil work, horizontal directional drilling, interconnecting pipe lines, and installation of pigging and metering equipment for the project.
  • Work for this award is scheduled to commence in the fourth quarter of 2017 and is expected to be completed in the fourth quarter of 2018.

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.

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