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Primoris Services Corporation Acquires Piping Fabricator

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Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or “Company”) today announced that its Primoris Energy Services subsidiary has acquired Ram-Fab, LLC, a subsidiary of Synalloy Corporation (NASDAQ Global Market: SYNL). Located in Crossett, Arkansas, Ram-Fab is a fabricator of custom piping systems. The transaction closed on August 29, 2014 and was valued at less than $10 million.

Ram-Fab regularly works with both carbon and exotic metals and can provide complete turnkey fabrication solutions. They serve multiple market segments, including the petro-chemical, water/wastewater, mining, and heavy manufacturing industries. The company will be rebranded as a division of Primoris Energy Services, and current operating management will remain in place.

“Ram-Fab is well situated to provide fabricating capacity for Primoris’s Gulf Coast markets,” said Brian Pratt, Chairman, President, and CEO of Primoris. “Our enhanced ability to perform piping fabrication in-house will give Primoris an added advantage as the Gulf Coast industrial work picks up and industry capacity tightens. Ram-Fab will also pursue third-party work to provide a balanced work load and ensure the shop is operated profitably. We’re excited to bring them under the PES umbrella and augment the spectrum of our services.”

ABOUT PRIMORIS

Founded in 1946, Primoris, through various subsidiaries, has grown to become one of the largest construction service enterprises in the United States. Serving diverse end markets, Primoris provides a wide range of construction, fabrication, maintenance, replacement, water and wastewater, and engineering services to major public utilities, petrochemical companies, energy companies, municipalities, and other customers. The Company’s national footprint extends from Florida, along the Gulf Coast, through California, into the Pacific Northwest and Canada. For additional information, please visit www.prim.com.

FORWARD-LOOKING STATEMENTS

This press release contains certain forward-looking statements, including with regard to the Company’s future performance. Words such as “estimated,” “believes,” “expects,” “projects,” “may,” and “future” or similar expressions are intended to identify forward-looking statements. Forward-looking statements inherently involve known and unknown risks, uncertainties, and other factors, including without limitation, those described in this press release and those detailed in the “Risk Factors” section and other portions of our Annual Report on Form 10-K for the period ended December 31, 2013, and other filings with the Securities and Exchange Commission. Given these uncertainties, you should not place undue reliance on forward-looking statements. Primoris does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

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