
Southland Holdings, Inc. (NYSE:SLND) (&#34;Southland&#34;) announced today it received notice to proceed on three projects totaling approximately $118 million through a subsidiary in its Civil segment, Oscar Renda Contracting.

<p xmlns="http://www.w3.org/1999/xhtml">
Southland Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/SLND">SLND</a>) ("Southland") announced today it received notice to proceed on three projects totaling approximately $118 million through a subsidiary in its Civil segment, Oscar Renda Contracting. The following projects will be included in fourth quarter 2025 backlog:

</p><ul xmlns="http://www.w3.org/1999/xhtml" class="bwlistdisc">
<li xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">$48 Million Data Center</b> project for a private client in the Southwest. This mission-critical project involves the installation of chilled water pipelines and related site developments, designed to provide cooling support to the data center facilities. The project is expected to be completed in 2026.

</li>
<li xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">$40 Million Capers Ridge Pump Station</b> expansion for Coastal Water Authority in Cleveland, Texas. Under a Construction Manager at Risk (CMAR) delivery method, the scope of work includes the installation of four new pumps, discharge lines, large-diameter valves with electro-hydraulic actuators, and other facility improvements. This is expected to double the facility's raw water pumping capacity from 240 million gallons per day (MGD) to 500 MGD. This infrastructure expansion is expected to increase long-term regional water supply reliability. Oscar Renda Contracting constructed the original Capers Ridge Pump Station for the Coastal Water Authority. The project is expected to be completed in 2027.

</li>
<li xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">$30 Million NE Reservoir Pump Station &amp; Transmission Main</b> for the City of Cape Coral, Florida. The scope of work includes the construction of a raw water transmission main, pump station, and associated site work to<i xmlns="http://www.w3.org/1999/xhtml"> </i>bring raw water from the Southwest Aggregate Mine to Gator Slough Canal. The project is designed to provide drought resilience to the City of Cape Coral. The project is expected to be completed in 2027.

</li>
</ul><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Southland</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Southland is a leading provider of specialized infrastructure construction services. 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. The company serves the bridges, tunneling, communications, transportation and facilities, marine, steel structures, water and wastewater treatment, and water pipeline end markets. Southland is headquartered in Grapevine, Texas. For more information, please visit Southland's website at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.southlandholdings.com&amp;esheet=54464790&amp;newsitemid=20260325758184&amp;lan=en-US&amp;anchor=www.southlandholdings.com&amp;index=1&amp;md5=a6f99254275bddb6ac288493958d5390" shape="rect">www.southlandholdings.com</a>.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Forward-Looking Statements</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
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.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260325758184r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260325758184/en/" rel="nofollow">https://www.businesswire.com/news/home/20260325758184/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Southland Contacts:
<br xmlns="http://www.w3.org/1999/xhtml"></br></b>Alex Murray
<br xmlns="http://www.w3.org/1999/xhtml"></br>Corporate Development &amp; Investor Relations
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:amurray@southlandholdings.com" shape="rect">amurray@southlandholdings.com</a>

</p>

SLND

Southland Receives Notice to Proceed on $118 Million of Projects Led by Data Center

Southland Holdings Announces $118 Million in New Contracts

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Southland Holdings, Inc. (NYSE:SLND) (&amp;#34;Southland&amp;#34;) announced today it received notice to proceed on three projects totaling approximately $118 million through a subsidiary in its Civil segment, Oscar Renda Contracting.</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Southland Holdings has received notice to proceed on contracts totaling $118 million, enhancing its project pipeline. Significant expansions in water infrastructure and data center capabilities are expected to strengthen long-term revenue, positively impacting SLND&#039;s backlog.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Southland secured $118 million in new project contracts.</li><li>Key projects include a $48 million data center project.</li><li>Expansion of Capers Ridge Pump Station will double water capacity.</li><li>Cape Coral project enhances drought resilience for local water supply.</li><li>Projects will boost SLND&#039;s backlog for Q4 2025.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Oscar Renda Contracting (Private)</strong>: SLND&#039;s subsidiary handling the new significant contract projects.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This announcement falls under Corporate Developments as it details new infrastructure contracts, indicative of Southland&#039;s growth trajectory and stability in generating future revenue.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Notice to proceed on $118 million in new contracts boosts SLND&#039;s revenue outlook.</li><li>Data center project completion timeline in 2026 may enhance future cash flows.</li><li>Capacity expansion at Capers Ridge Pump Station positions SLND for increased demand.</li><li>Infrastructure projects may improve profitability in coming fiscal periods.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>$118 million in contracts through subsidiary Oscar Renda Contracting.</li><li>$48 million data center project expected completion in 2026.</li><li>$40 million expansion of Capers Ridge Pump Station to double capacity.</li><li>$30 million water supply project for Cape Coral expected completion in 2027.</li><li>Projects are part of SLND&#039;s Civil segment.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>With new multi-million dollar contracts, SLND is poised for upside in the next year.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml">
Southland Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/SLND">SLND</a>) ("Southland") announced today it received notice to proceed on three projects totaling approximately $118 million through a subsidiary in its Civil segment, Oscar Renda Contracting. The following projects will be included in fourth quarter 2025 backlog:

</p><ul xmlns="http://www.w3.org/1999/xhtml" class="bwlistdisc">
<li xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">$48 Million Data Center</b> project for a private client in the Southwest. This mission-critical project involves the installation of chilled water pipelines and related site developments, designed to provide cooling support to the data center facilities. The project is expected to be completed in 2026.

</li>
<li xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">$40 Million Capers Ridge Pump Station</b> expansion for Coastal Water Authority in Cleveland, Texas. Under a Construction Manager at Risk (CMAR) delivery method, the scope of work includes the installation of four new pumps, discharge lines, large-diameter valves with electro-hydraulic actuators, and other facility improvements. This is expected to double the facility's raw water pumping capacity from 240 million gallons per day (MGD) to 500 MGD. This infrastructure expansion is expected to increase long-term regional water supply reliability. Oscar Renda Contracting constructed the original Capers Ridge Pump Station for the Coastal Water Authority. The project is expected to be completed in 2027.

</li>
<li xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">$30 Million NE Reservoir Pump Station &amp; Transmission Main</b> for the City of Cape Coral, Florida. The scope of work includes the construction of a raw water transmission main, pump station, and associated site work to<i xmlns="http://www.w3.org/1999/xhtml"> </i>bring raw water from the Southwest Aggregate Mine to Gator Slough Canal. The project is designed to provide drought resilience to the City of Cape Coral. The project is expected to be completed in 2027.

</li>
</ul><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Southland</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Southland is a leading provider of specialized infrastructure construction services. 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. The company serves the bridges, tunneling, communications, transportation and facilities, marine, steel structures, water and wastewater treatment, and water pipeline end markets. Southland is headquartered in Grapevine, Texas. For more information, please visit Southland's website at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.southlandholdings.com&amp;esheet=54464790&amp;newsitemid=20260325758184&amp;lan=en-US&amp;anchor=www.southlandholdings.com&amp;index=1&amp;md5=a6f99254275bddb6ac288493958d5390" shape="rect">www.southlandholdings.com</a>.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Forward-Looking Statements</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
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.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260325758184r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260325758184/en/" rel="nofollow">https://www.businesswire.com/news/home/20260325758184/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Southland Contacts:
<br xmlns="http://www.w3.org/1999/xhtml"></br></b>Alex Murray
<br xmlns="http://www.w3.org/1999/xhtml"></br>Corporate Development &amp; Investor Relations
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:amurray@southlandholdings.com" shape="rect">amurray@southlandholdings.com</a>

</p>

Southland Holdings has received notice to proceed on contracts totaling $118 million, enhancing its project pipeline. Significant expansions in water infrastructure and data center capabilities are expected to strengthen long-term revenue, positively impacting SLND's backlog.

Southland Receives Notice to Proceed on $118 Million of Projects Led by Data Center

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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