Primoris Services Corporation Announces Utility MSA Valued Over $140 Million
- The MSA is for electric utility work in
Northern California, and the contract term extends through 2021.
- Work performed under the MSA includes wildfire hardening, pole replacements, reconductor work, and underground maintenance.
- It is estimated that the MSA will generate approximately
$60 millionper calendar year over the course of the contract. While the agreement does not obligate the customer to award Primoris a specific dollar amount, our discussions and history with the customer form the basis for our anticipated value.
Founded in 1960, Primoris, through various subsidiaries, has grown to become one of the larger publicly traded specialty contractors and infrastructure companies in
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
Vice President, Investor Relations
Source: Primoris Services Corporation