Southland awarded $201M in USACE gate replacement projects; merger with Legato SPAC pending

Southland Holdings, Inc.

Southland subsidiary American Bridge awarded $91M Center Hill Dam gate replacement (TN) and $110M Wolf Creek Dam project (KY).
Center Hill Dam project includes eight new spillway tainter gates; Wolf Creek includes ten gates, both for US Army Corps of Engineers.
Projects expected to help reservoir release and flood risk mitigation; existing gates date from 1948 and 1952.
Southland remains on track to merge with Legato Merger Corp. II (NASDAQ: LGTO) with existing management staying.

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