Primoris Services Corporation Announces Pipeline Awards Valued Over $30 Million


DALLAS, May 02, 2019 (GLOBE NEWSWIRE) -- Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or “Company”) today announced two new pipeline awards with a combined value over $30 million.  The contracts were secured by Primoris Field Services and Vadnais Trenchless, both part of the Pipeline & Underground segment. 

  • The Primoris Field Services award is for a pipeline to connect two facilities for a major chemical customer.  The work involves connecting pipelines with associated launcher/receivers and meters.  Work is scheduled to commence in the second quarter of 2019 and to be completed in the fourth quarter of 2019.
  • The Vadnais Trenchless award is an abandonment and flow project for the City of Houston.  The work involves trenchless sanitary sewers with associated manholes, the demolition of existing sewer lift stations, and associated other civil activities.  Work is scheduled to commence in the third quarter of 2019 and to be completed in the first quarter of 2021.

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, 2018, 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.

Company Contact                                                                                              
Kate Tholking
Vice President, Investor Relations
(214) 740-5615
ktholking@prim.com