other material
confidence high
sentiment positive
materiality 0.35
Southland awarded $59M water pipeline contract for Eastern New Mexico Water Utility Authority
Southland Holdings, Inc.
- Contract awarded to Southland's subsidiary Oscar Renda Contracting for ~15 miles of water pipeline in Clovis, NM.
- Project is part of the 150-mile Eastern New Mexico Rural Water System supplying the Ute Reservoir to cities and a military base.
- Construction expected to start by end of 2022; pipeline will connect to an earlier Southland-built phase.
- Southland is merging with Legato Merger Corp. II (NASDAQ: LGTO) in a deal announced May 25, 2022.