DALLAS, TX--(Marketwired - February 15, 2017) - Primoris Services Corporation (NASDAQ: PRIM) ("Primoris" or "Company") today announced a new heavy civil award valued at over $124 million. The contract was secured by the heavy civil division of James Construction Group, part of the East Construction Services segment.
- The project was awarded by the Louisiana Department of Transportation and is located in Lafayette and St. Martin Parishes.
- The award is for the reconstruction of approximately seven miles of Interstate 10. Project scope consists of widening ten bridges and replacing two bridges, drainage structures, asphalt paving with associated earthwork and base course, concrete railing, lighting, signage and pavement markings.
- Work is scheduled to commence in the second quarter of 2017 and to be completed in the third quarter of 2019.
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, 2015, 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.
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