Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or “Company”) today announced new industrial awards valued at over $18 million. The contracts were secured by Primoris Energy Services’ James Industrial Contractors (“JIC”), part of the Energy segment. Work on these projects will begin immediately and extend into the fourth quarter of 2015.

The projects were awarded by Kinder Morgan, the largest energy infrastructure company in North America, and are located near Houston, Texas.

  • The first project involves the routing of new processing piping from existing pits to a new barge dock in Pasadena, Texas.
  • The second project involves routing of pipe for gathering vapors and routing them to a central location at the same Pasadena, Texas facility.
  • The third project involves the fabrication and installation of manifolds for the Kinder Morgan Export Terminal, also in Pasadena, Texas.
  • The fourth project involves the installation of piping and equipment for a rail loading system at a terminal facility in Deer Park, Texas.

ABOUT PRIMORIS

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 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.