PRIMORIS SERVICES CORPORATION

PRIMORIS SERVICES CORPORATION

Previous company name
RHAPSODY ACQUISITION CORP.
Name change date
8/18/2008
Company Overview
The company is based in the United States which operates as a commercial and industrial electrical contracting company engaged in installing and servicing electrical wiring and equipment. It is a publicly quoted company formerly known as Rhapsody Acquisition Corp, and has its registered business address located in Lake Forest, California.
The company’s services include alterations, control wiring, high voltage wiring, onsite power generation, renovations and power wiring (such as expansion upgrade), and trouble shooting services. Its operations include building automation system installation, audio equipment installation, communication equipment installation, electronic control system installation, environmental control system installation, and telephone equipment and building wiring installation. The company’s main customers are public utilities, petrochemical companies, energy companies, and municipalities.
Business Summary
Primoris Services Corporation (Primoris) is a holding company of various subsidiaries, which form a diversified engineering and construction company providing a range of construction, fabrication, maintenance, replacement and engineering services to public utilities, petrochemical companies, energy companies, municipalities and other customers. The Company provides services in two business segments: Construction Services and Engineering. The Company’s primary subsidiary is ARB, Inc. (ARB). ARB is engaged primarily in the infrastructure, underground pipeline, directional drilling and other structure construction and maintenance services. Primoris companies install, replace, repair and rehabilitate natural gas, refined product, water and wastewater pipeline systems, and constructs mechanical facilities, and other structures, including power plants, petrochemical facilities, refineries and parking structures. On December 18, 2009, the Company acquired James Construction Group, LLC.
Description and history
Primoris Services Corporation (Primoris) is a holding company of various subsidiaries, which form a diversified engineering and construction company providing a range of construction, fabrication, maintenance, replacement and engineering services to public utilities, petrochemical companies, energy companies, municipalities and other customers. The Company provides services in two business segments: Construction Services and Engineering. The Company’s primary subsidiary is ARB, Inc. (ARB). ARB is engaged primarily in the infrastructure, underground pipeline, directional drilling and other structure construction and maintenance services. Primoris companies install, replace, repair and rehabilitate natural gas, refined product, water and wastewater pipeline systems, and constructs mechanical facilities, and other structures, including power plants, petrochemical facilities, refineries and parking structures. In addition, it provides maintenance services, including inspection, overhaul and emergency repair services, for cogeneration plants, refineries and similar mechanical facilities.

On December 18, 2009, the Company acquired James Construction Group, LLC (JCG). On October 14, 2009, Primoris acquired certain assets of Cravens Partners, Ltd. (Cravens Partners), a provider of civil and utility infrastructure construction services. Following the completion of the acquisition, the Company created a wholly owned subsidiary named Cravens Services, Inc. The services of the acquisition include excavation, underground utilities, drainage channels, facility upgrades, detention ponds and telecommunications infrastructure projects.

JCG is a general contractor based in the Gulf Coast states, and is engaged in highway, industrial and environmental construction, primarily in Louisiana, Texas and Florida. JCG’s heavy civil division provides services in heavy civil construction projects, including highway and bridge construction, concrete paving, levee construction, airport runway and taxiway construction, and marine facility construction. JCG’s infrastructure and maintenance division provides large earthwork and site development, landfill construction, site remediation and mining support services. JCG’s industrial division, with a client base consisting primarily of private industrial companies, provides all phases of civil and structural construction, mechanical equipment erection, process pipe installation, and boiler, furnace and heater installation and repair.

Through its Canadian subsidiary, Onquest, Inc. and its subsidiary, Born Heaters, ULC, the Company provides engineering design services for fired heaters and furnaces primarily used in refinery applications. Through its subsidiary, Cardinal Contractors, Inc., the Company constructs water and wastewater facilities in the southeast United States. In addition, it has presences in Florida and Texas through its subsidiaries, Cardinal Mechanical and Cravens Services, Inc.

Construction Services

Construction Services represented approximately 87.6% of the Company’s revenues during the year ended December 31, 2009. The Construction Services segment specializes in a range of services that include designing, building/installing, replacing, repairing/rehabilitating and providing management services for construction related projects. Its services include providing installation of underground pipeline, cable and conduits for entities in the petroleum, petrochemical and water industries; providing installation and maintenance of industrial facilities for entities in the petroleum, petrochemical and water industries; providing installation of complex commercial and industrial cast-in-place structures; providing large earthwork and site development, site remediation and mining support services, and heavy civil construction projects (provided through JCG), including highway and bridge construction, concrete paving, levee construction, airport runway and taxiway construction, and marine facility construction.

Engineering

The Engineering segment specializes in designing, supplying and installing furnaces, heaters, burner management systems, and related combustion and process technologies for clients in the oil refining, petrochemical and power generation industries. It also furnishes turnkey project management with the technical capability to deliver custom engineering solutions worldwide.

Formerly known as Rhapsody Acquisition Corp

Business Line
Operates as a commercial and industrial electrical contracting company engaged in installing and servicing electrical wiring and equipment
Subsidiary
ARB, INC.
Advisor
MOSS ADAMS LLP
IPO date

US SIC Code
1623
Company Address
26000, Commercentre Drive

City province or state postal code
92630, LAKE FOREST, CA
Phone: +1 949 598 9242
Fax:
Country address: UNITED STATES OF AMERICA
Website url: