Primoris Services Corporation

Primoris Services Corporation is a leading provider of critical infrastructure services primarily in the United States and Canada. The company offers construction, maintenance, replacement, and engineering services to a diverse customer base through two segments: Utilities and Energy. The Utilities segment operates across the United States, focusing on the construction and maintenance of new and existing natural gas and electric utility distribution and transmission systems, as well as communications systems. The Energy segment operates in both the United States and Canada. This segment specializes in engineering, procurement, construction, and maintenance services for companies in the energy, renewable energy and energy storage, renewable fuels, and petroleum and petrochemical industries, along with state departments of transportation. Primoris serves a variety of customers, including solar facility developers, power producers, gas and electric utilities, refining, petrochemical, communications, midstream, downstream, and engineering companies, and transportation agencies. Services are provided under various contracting options, including multi-year Master Service Agreements (MSAs) and contracts for specific construction or installation projects. The company's strategy emphasizes growth through controlled expansion by broadening its service scope, expanding into new geographic markets using its existing customer base, and acquiring new customers.