Primoris Services Corporation Announces Industrial Awards Valued at over $30 Million

DALLAS--(BUSINESS WIRE)-- Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or “Company”) today announced three related industrial awards totaling in excess of $30 million. The contracts were secured by Primoris Energy Services’ James Industrial Contractors (“JIC”), part of the Energy segment.

• Two of the awards are for the civil work and mechanical erection at a new Methanol Production Complex located in Beaumont, TX. JIC will perform all the civil and underground work at the site, as well as erect the reformer and all associated mechanical work.
• The third award is for the civil work required for a new Air Separation Unit (ASU) located next to the methanol complex. JIC will perform all the civil and underground work at the site.
• The scope of work includes over 14,000 cubic yards of concrete, 24,800 linear feet of underground high density polyethylene piping, and 75,000 linear feet of underground electrical copper.
• Construction is scheduled to start in the third quarter of 2015 and is expected to be completed in the third quarter of 2016.

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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150915005658/en/

Primoris Services Corporation
Kate Tholking, 214-740-5615
Director of Investor Relations
[email protected]

Source: Primoris Services Corporation

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