Southland JV Selected for Broadband CMGC Project for Caltrans

GRAPEVINE, Texas--(BUSINESS WIRE)--Southland Holdings, Inc. (NYSE American: SLND and SLND WS) (“Southland”) announced today that the California Department of Transportation (“Caltrans”) has selected a joint venture between Southland and Aecon Group Inc. (TSX: ARE), SA Connects, as the Construction Manager/General Contractor (CMGC) for the District 1 Middle-Mile Broadband Network project. SA Connects was selected for preconstruction services under the CMGC method, which enables the contractor to provide design and planning services. The construction phase of the project is expected to be valued between $65 million to $80 million and added to Southland’s backlog when awarded in 2024.

The scope of work includes installing 210 miles of middle-mile broadband network and repeater hubs to unserved and under-served communities. The project is expected to create an affordable, open-access, broadband infrastructure, enabling network connectivity and equitable high-speed service.

Southland’s President and Chief Executive Officer, Frank Renda, said, “This opportunity is a natural extension of our expertise and capabilities. It represents a significant step forward in our commitment to delivering innovative solutions to our clients and building a more sustainable future for the communities we serve."

About Southland

Southland is a leading provider of specialized infrastructure construction services. With roots dating back to 1900, Southland and its subsidiaries form one of the largest infrastructure construction companies in North America, with experience throughout the world. The company serves the bridges, tunneling, communications, transportation and facilities, marine, steel structures, water and wastewater treatment, and water pipeline end markets. Southland is headquartered in Grapevine, Texas.

For more information, please visit Southland’s website at www.southlandholdings.com.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on Southland’s current beliefs, expectations and assumptions regarding the future of Southland’s business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Southland’s control. Southland’s actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements.

Any forward-looking statement made by Southland in this press release is based only on information currently available to Southland and speaks only as of the date on which it is made. Southland undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.