DALLAS--Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or “Company”) today announced two new heavy civil awards with a combined value of approximately $18 million. The contracts were secured by James Construction Group, part of the East Construction Services segment.
- The first project was awarded by the Texas Department of Transportation and is located in Austin County, Texas. The award is for the construction of northbound auxiliary lanes on State Highway 36, and includes earthwork, treated subgrade, base, and approximately 53,000 tons of asphalt paving. The project is scheduled to begin in the first quarter of 2016 and planned completion is in the fourth quarter of 2017.
- The second project was awarded by the Texas Department of Transportation and is located in Montgomery County, Texas. The award is for the construction of a new northbound frontage road on Interstate 69, and includes earthwork, drainage, base and approximately 42,000 square yards of reinforced concrete paving. The project is scheduled to begin in the first quarter of 2016 and planned completion is in the third quarter of 2017.
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.