Southland Awarded $243 Million Florida Department of Transportation US 19 Pinellas County Roadway Project
13 Outubro 2022 - 5:30PM
Southland Holdings, LLC (“Southland”), announced today that a
subsidiary in its Transportation segment, Johnson Bros., has been
awarded a $243 million contract to construct the US 19 Pinellas
County roadway project for the Florida Department of Transportation
(“FDOT”) in Clearwater, Florida.
The scope of work includes reconstructing US 19 into a six-lane,
controlled access facility with frontage roads on both sides of the
roadway. This project is expected to help ease traffic congestion
for a community that has seen significant population growth in
recent years. Construction is expected to begin in the fourth
quarter of 2022.
About Southland
Southland is a leading provider of specialized infrastructure
construction services across North America including bridges,
tunneling, transportation and facilities, marine, steel structures,
water and wastewater treatment, and water pipeline end markets.
With roots dating back to 1900, Southland and its subsidiaries form
one of the largest infrastructure construction companies in North
America, with experience throughout the world. Southland is
headquartered in Grapevine, Texas.
On May 25th, 2022, Southland entered into an Agreement and Plan
of Merger (the “Agreement”) with publicly-traded Legato Merger
Corp. II, a special purpose acquisition company (NASDAQ: LGTO,
LGTOU, and LGTOW) (“Legato”). Pursuant to the terms of the
Agreement, a subsidiary of Legato will merge with and into
Southland, with Southland surviving the merger as a wholly-owned
subsidiary of Legato. The existing Southland management team will
remain in place upon the closing of the merger. At such time,
Legato’s name is expected to change to Southland Holdings, Inc.
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of the safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995. Forward-looking
statements are neither historical facts nor assurances of future
performance. Instead, they are based only on Southland’s current
beliefs, expectations and assumptions regarding the future of
Southland’s business, future plans and strategies, projections,
anticipated events and trends, the economy and other future
conditions. Because forward-looking statements relate to the
future, they are subject to inherent uncertainties, risks and
changes in circumstances that are difficult to predict and many of
which are outside of Southland’s control. Southland’s actual
results and financial condition may differ materially from those
indicated in the forward-looking statements. Therefore, you should
not rely on any of these forward-looking statements.
Any forward-looking statement made by Southland in this press
release is based only on information currently available to
Southland and speaks only as of the date on which it is made.
Southland undertakes no obligation to publicly update any
forward-looking statement, whether written or oral, that may be
made from time to time, whether as a result of new information,
future developments or otherwise.
Southland Contacts: |
|
Cody GallardaEVP, Chief Financial
Officercgallarda@southlandholdings.com |
Alex MurrayCorporate Development
& Investor Relationsamurray@southlandholdings.com |
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