Primoris Services Corporation Announces Heavy Civil Award Valued Over $24 Million

DALLAS, June 26, 2019 (GLOBE NEWSWIRE) -- Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or “Company”) today announced a new heavy civil award valued over $24 million.  The contract was secured by Primoris Heavy Civil, part of the Civil segment. 

• The project was awarded by the Texas Department of Transportation and is located in Travis County, Texas.
  
  
• The project involves the construction of a diverging diamond intersection to alleviate an existing traffic bottleneck.  Work also includes widening and extending a frontage road, adding a bypass lane, reconstructing two entrance/exit ramps, and improving bicycle and pedestrian accommodations.
  
  
• Construction is scheduled to begin in the third quarter of 2019, and completion is anticipated for the first quarter of 2021.

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, 2018, 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
Vice President, Investor Relations
(214) 740-5615
ktholking@prim.com