Primoris Services Corporation
 | |
| Type | Public |
|---|---|
| |
| Industry | Energy Industry Utilities Construction |
| Founded | 1960 |
| Headquarters | |
Key people | |
| Revenue |  $ 7.57 billion (2025)[2] |
| $ 411.5 million (FY 2025)[2] | |
| $ 274.9 million (FY 2025)[2] | |
| Total assets | $ 4.4 billion (FY 2025)[2] |
| Total equity | $ 4.4 billion (FY 2025)[2] |
Number of employees | ~18,500 [2] (2025) |
| Website | prim.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. In 2026, the company was ranked 497th in the Fortune 500.[3]
History
[edit]The company was founded as ARB, Inc. in Bakersfield, California in 1960,[4] Primoris was founded in 2004, in Nevada, as the parent company.[3] In 2008, it was incorporated as a public company in Delaware. In 2014, it became a Fortune 1000 company.[5]
On June 22, 2026, the company announced a major reduction to its financial forecast, which resulted in a $29.2% decline in its stock value,[6] and multiple investigations by law firms.[7] It also announced the departure of its COO.[8]
Acquisitions
[edit]The company has expanded significantly through acquisitions, including:[9]
- James Construction Group LLC in 2009.[10]
- Rockford Corporation in 2010 for $82.6 million.[11] Subsequently worked on the pipeline and underground unit of the Atlantic Coast Pipeline.[12]
- Sprint Pipeline Services, L.P. in 2012.[13]
- Q3 Contracting Inc., a gas pipeline service, in 2012 for $48.1 million in cash.[14]
- Coastal Field Services, a Beaumont, Texas pipeline and maintenance contractor, in 2017.[15]
- PLH Group, an Irving, Texas construction, maintenance and engineering services contractor, valued at $470 million, in 2022.[16]
- PayneCrest Electric, a St. Louis, Missouri electrical design, construction and maintenance company, for $422 million, in 2026.[17]
References
[edit]- ↑ "Leadership".
- 1 2 3 4 5 6 "2014 10-K for Primoris Services Corporation". Securities and Exchange Commission. pp. 9, F-5, F-6. Retrieved 11 July 2026.
- 1 2 "Primoris Services". Fortune. Retrieved 2026-07-11.
- ↑ "History". Primoris. Retrieved January 8, 2018.
- ↑ "Primoris Services Corporation". Fortune. Retrieved 24 March 2015.
- ↑ "Primoris (NYSE:PRIM) Misses Q1 CY2026 Sales Expectations, Stock Drops 29.2%". Yahoo Finance. Archived from the original on 2026-05-06. Retrieved 2026-07-12.
- ↑ "PRIM | Primoris Services Corp. Stock Price & News - WSJ". www.wsj.com. Retrieved 2026-07-12.
- ↑ "Primoris Services Announces Departure of Chief Operating Officer". The Globe and Mail. Retrieved 2026-07-12.
- ↑ "Company History". www.prim.com. Retrieved 2026-07-12.
- ↑ "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.
- ↑ Siemers, Erik (10 Nov 2010). "Rockford Corp. acquired for $82.6M". Retrieved 24 March 2015.
- ↑ Woellwarth, Lydia (2018-09-21). "Primoris provides update on Atlantic Coast Pipeline project". World Pipelines. Retrieved 2026-07-11.
- ↑ "Primoris Services Corporation Acquires Sprint Pipeline Services, L.P." Business Wire. 13 March 2012. Retrieved 24 March 2015.
- ↑ "Texas outfit to buy Little Canada gas pipeline service firm". Minneapolis Star-Tribune. 14 November 2012. Retrieved 24 March 2015.
- ↑ Roker, Stephanie (2017-07-07). "Primoris Services Corporation acquires Coastal Field Services". World Pipelines. Retrieved 2026-07-11.
- ↑ Harris, William (2022-08-01). "Primoris Services Corporation Completes PLH Group Acquisition". citybiz. Retrieved 2026-07-12.
- ↑ "Primoris Expands Energy Platform With PayneCrest Acquisition". Zacks Equity Research. April 1, 2026. Retrieved July 11, 2026 – via yahoo!finance.com.
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