DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NASDAQ Global Select:PRIM) (“Primoris” or “Company”) today announced a new award from a major refinery customer valued in excess of $20 million. The new contract was secured by OnQuest, a Primoris subsidiary and part of the Engineering Services segment. The project commenced in October of 2014 and is expected to be completed by the end of 2015.
- This award is for the engineering, design and supply of five fired heaters for the ebullated-bed hydrocracker unit at a Louisiana refinery.
- The heaters will be fabricated domestically and supplied partially modularized to minimize field construction.
- In 2007, this customer selected OnQuest as its sole source alliance partner for the design and supply of fired heaters, in a multi-year agreement. To date, OnQuest has designed and delivered more than 15 heaters under this agreement to refineries across the United States.
- This is OnQuest’s 25th project provided to this client.
Founded in 1960, Primoris, through various subsidiaries, has grown to become one of the largest construction service enterprises 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, and other customers. The Company's national footprint extends from Florida, along the Gulf Coast, through California, into the Pacific Northwest and 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, 2013, and other filings with the Securities and Exchange Commission. Given these uncertainties, you should not place undue reliance on forward-looking statement. 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.