Primoris Services Corporation
American construction and infrastructure company
From Wikipedia, the free encyclopedia
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]
- Nasdaq: PRIM
- Russell 2000 component
- S&P 600 component
Utilities Construction
| |
| 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 |
History
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
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]
