Primoris Services Corporation

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

Primoris Services Corporation
TypePublic
NASDAQ: PRIM
Russell 2000 Component
Founded1960
Headquarters
Dallas, Texas
Key people
Tom McCormick
(President and CEO)[1]
Revenue $ 2.086 billion (2014)[2]
$ 103.792 million (FY 2014)[2]
$ 63.682 million (FY 2014)[2]
Total assets $ 1.112 billion (FY 2014)[2]
Total equity $ 453.8 million (FY 2014)[2]
Number of employees
6,757 [2]
Websiteprim.com

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. http://www.primoriscorp.com/about/leadership
  2. "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". 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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