Primoris Services Corporation

Primoris Services Corporation
Company typePublic
Nasdaq: PRIM
Russell 2000 Component
Founded1960 (1960)
Headquarters
Dallas, Texas
Key people
(president and CEO)[1]
RevenueIncrease $ 2.086 billion (2014)[2]
Decrease $ 103.792 million (FY 2014)[2]
Decrease $ 63.682 million (FY 2014)[2]
Total assetsIncrease $ 1.112 billion (FY 2014)[2]
Total equityIncrease $ 453.8 million (FY 2014)[2]
Number of employees
20,000+ [2]
Websiteprim.com

Primoris Services Corporation is a publicly traded specialty construction and infrastructure company based in the United States, with a particular focus on pipelines for natural gas, wastewater and water. As of 2014 it was a Fortune 1000[3] company.

History

The company was founded as ARB, Inc. in Bakersfield, California in 1960,[4] and was organized as Primoris in Nevada in 2003. In 2008, it was incorporated as a public company in Delaware. Since then, it has expanded significantly through a number of significant acquisitions, including:

  • James Construction Group LLC in 2009[5]
  • Rockford Corporation in 2010 for $82.6 million[6]
  • Sprint Pipeline Services, L.P. in 2012[7]
  • Q3 Contracting Inc., a gas pipeline service, in 2012 for $48.1 million in cash.[8]

References

  1. ^ "Leadership".
  2. ^ a b c d e f "2014 10-K for Primoris Services Corporation". Securities and Exchange Commission. Retrieved 24 March 2015.
  3. ^ "Primoris Services Corporation". Fortune. Retrieved 24 March 2015.
  4. ^ "History". Primoris. Retrieved January 8, 2018.
  5. ^ "Primoris Services Corporation Completes Acquisition of James Construction Group L.L.C and Announces Addition of 2 New Directors" (Press release). 21 December 2009. Retrieved 24 March 2015.
  6. ^ Siemers, Erik (10 Nov 2010). "Rockford Corp. acquired for $82.6M". Retrieved 24 March 2015.
  7. ^ "Primoris Services Corporation Acquires Sprint Pipeline Services, L.P." Business Wire. 13 March 2012. Retrieved 24 March 2015.
  8. ^ "Texas outfit to buy Little Canada gas pipeline service firm". Minneapolis Star-Tribune. 14 November 2012. Retrieved 24 March 2015.


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