Primoris Services Corporation Announces Parking Structure Award Valued at $10 Million

DALLAS--()--Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or “Company”) today announced a new parking structure award valued at $10 million. The contract was secured by ARB Structures, part of the West Construction Services segment, and is the third parking structure project for this Southern California customer. The project is scheduled to begin in the third quarter of 2015 and is anticipated to be completed in the third quarter of 2016.

  • The award is for a new 163,668 square foot parking structure spanning five levels, including one below-ground level. The new parking structure will provide over 600 parking spaces and is part of the restoration of the historic Ford Factory building in West Los Angeles, California.
  • This project includes site clearing and demolition, mass excavation, and grading. In addition, the project includes bicycle storage racks on the ground floor, illuminated signage, wire mesh partitions, a car count system, and architectural precast that will secure the new structure to an existing building.

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.

Contacts

Primoris Services Corporation
Kate Tholking, 214-740-5615
Director of Investor Relations
ktholking@prim.com

Release Summary

Primoris today announced a new parking structure award valued at $10 million. The contract was secured by ARB Structures, part of the West Construction Services segment.

Contacts

Primoris Services Corporation
Kate Tholking, 214-740-5615
Director of Investor Relations
ktholking@prim.com