Primoris Services Corporation announced a new MSA with an anticipated value of approximately $20 million
OREANDA-NEWS. Primoris Services Corporation (NASDAQ:PRIM) (“Primoris” or “Company”) today announced a new Master Service Agreement (“MSA”) with a major utility customer with an anticipated value of approximately $20 million. The contract was secured by ARB Underground, part of the Utilities & Distribution segment. While the MSA does not obligate the customer to award Primoris a specific dollar amount, our discussions with the customer and our history with similar clients form the basis for our anticipated value.
- The award is a one-year agreement to provide natural gas pipelines construction services in Southern California.
- The work includes transmission and distribution pipeline installations, service installations, valve installations, miscellaneous gas work, street repair work, and crew oversight. The majority of the work will be for the customer’s small diameter gas distribution systems.
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.