Primoris Services Corporation Announces Heavy Civi

DALLAS, July 06, 2017 (GLOBE NEWSWIRE) -- Primoris Services Corporation (NASDAQ: PRIM ) (“Primoris” or “Company”) today announced a new heavy civil award valued at over $21 million.  The contract was secured by Primoris Heavy Civil, part of the Civil segment. 

• The project was awarded by Port Freeport in Freeport, Texas.
• The project is for the construction of a rail spur and track yard that includes 21,000 linear feet of track, associated paving, and drainage improvements.  The rail spur will tie into an existing Union Pacific line and service an ongoing expansion at Port Freeport.
• Primoris Heavy Civil is pursuing additional project opportunities presented by the expansion at Port Freeport.
• Work is scheduled to commence in the third quarter of 2017, and completion is expected in the second 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 .

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, 2016, 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 Director of Investor Relations (214) 740-5615 ktholking@prim.com