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Southland Holdings

Builds critical infrastructure via self-performed contracting

Project Manager Mechanical Construction

Full-TimeUpdated on 10/23/2026
No salary listed
Senior
Bachelor's
Las Cruces, NM, USA
In PersonRegular presence on active construction sites is required; travel to project sites throughout New Mexico.
Architecture & Civil EngineeringConstruction Management

About the job

Requirements
  • A bachelor's degree in Construction Management, Engineering, or a related field, or equivalent experience.
  • At least 7 years of project management experience in mechanical, industrial, or large-scale commercial construction.
  • Currently hold New Mexico Construction Industries Division mechanical license classifications MM-2 (Natural Gas Fitting), MM-98 (Mechanical), and MS-12 (Fire Protection Sprinkler Systems).
  • Strong understanding of mechanical systems, including piping, plumbing, heating, ventilation, air conditioning, and fire protection.
  • Proven track record managing project budgets, schedules, and subcontractor relationships.
  • Proficiency with project management and scheduling software such as Procore, Microsoft Project, or Primavera.
  • Valid driver's license and ability to travel to project sites throughout New Mexico.
Responsibilities
  • Plan, direct, and manage mechanical construction projects from preconstruction through closeout.
  • Develop and manage project budgets, schedules, subcontracts, and change orders.
  • Coordinate with owners, general contractors, engineers, and subcontractors to meet scope, quality, and schedule commitments.
  • Oversee procurement and delivery of materials and equipment for mechanical scopes.
  • Ensure work complies with New Mexico Construction Industries Division licensing, codes, and permitting requirements.
  • Lead and develop project staff, including superintendents, foremen, and field crews.
  • Promote the company's zero-incident safety culture across project activities.
  • Track project financials, forecasts, productivity, and monthly reporting.
  • Support estimating and business development for future mechanical work.
  • Maintain regular presence on active construction job sites, including outdoor conditions, construction equipment, and varying weather.
Desired Qualifications
  • Experience serving as a Qualifying Party of record under New Mexico Construction Industries Division licensing.
  • Experience on large-scale industrial, utility, or mission-critical facility construction.
  • OSHA 30-Hour certification.

About the company

Southland Holdings coordinates seven subsidiaries to design, build, and manage large infrastructure projects worldwide. They self-perform most work in-house, using capabilities from design to project management to complete complex projects across the U.S. and in over 60 countries. They stand out through a long-established, multi-subsidiary structure with extensive in-house expertise, a 100% project completion rate, and a focus on challenging environments. Their goal is to deliver high-quality infrastructure that improves environments and people’s lives, upholding reliability and end-to-end execution.

Company Size

201-500

Company Stage

IPO

Headquarters

Grapevine, Texas

Founded

1900

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Simplify's Take

What believers are saying

  • August 2026 surety agreements provide $209.8 million financing and roughly $27 million annual cash relief.
  • The term loan reset to 4% PIK interest, suspended amortization, and removed covenants through 2028.
  • Management expects 38% of backlog to convert to revenue over the next twelve months.

What critics are saying

  • June 2026 equity deficit hit $248.2 million, signaling existential balance-sheet stress.
  • WSCC disputes still consumed $34 million judgment exposure and $5 million settlement cash by September 2026.
  • Repayment to sureties defers until March 2027, masking liquidity strain rather than eliminating it.

What makes Southland Holdings unique

  • Southland specializes in tunnels, bridges, water infrastructure, and complex bonded civil projects.
  • Its $1.68 billion June 2026 backlog still spans higher-complexity infrastructure across North America.
  • Surety providers now finance bonded work, giving Southland unusual access to project completion capital.

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Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • 401(k) Company Match
  • Paid Vacation
  • Paid Holidays

Company News

Yahoo Finance
Aug 13th, 2026
Southland Holdings records $102M revenue reversal, restructures debt with sureties

Southland Holdings reported a $102 million revenue reversal in Q2 2026 following a reassessment of claim recoverability on legacy projects. The company finalised a financial assistance agreement with sureties and amended its term loan to complete bonded work. The infrastructure contractor will issue approximately $151 million in perpetual, nonconvertible preferred shares to sureties by 30 September 2026. Its senior credit facility was restructured to a fixed 4% interest rate with capitalised payment-in-kind interest until maturity in 2028. Southland's backlog stands at $1.68 billion, with legacy material and paving work now representing only 3%. The company expects to recognise approximately 38% of its backlog as revenue over the next 12 months. The restructuring provides approximately $27 million in cash debt service relief over the coming year through suspended principal payments.

TipRanks
Aug 13th, 2026
Southland Holdings secures $209.8M surety financing and amends term loan to ease liquidity pressure

Southland Holdings has secured approximately $209.8 million in surety-backed financing for its bonded construction projects as of 30 June 2026. The financing is split into $58.97 million of Bonding Surety Financing at 4% interest and $150.86 million of Non-Bonding Financing, part of which will be converted into senior non-voting preferred shares by 30 September 2026. The remaining Non-Bonding Financing will be structured as interest-free unsecured debt with cash sweep features and may be partially forgiven if project losses remain within set thresholds. Southland also amended its term loan credit agreement, reducing the interest rate to 4% paid-in-kind, suspending quarterly amortisation and certain financial covenants. The measures aim to ease near-term liquidity pressure for the Grapevine, Texas-based infrastructure construction company.

Yahoo Finance
Jun 7th, 2026
Southland Holdings reports $172.4M revenue as analyst cuts price target to $3

Southland Holdings, Inc. reported first-quarter revenue of $172.4 million on 12 May, slightly exceeding analyst estimates of $172.22 million. The Texas-based infrastructure construction company, which specialises in tunnels, bridges and water-resource infrastructure, highlighted progress on its strategic plan with its Civil segment achieving a 14% gross margin. However, on 31 March, Craig-Hallum analyst Christian Schwab lowered his price target on Southland from $8 to $3 whilst maintaining a Buy rating. The adjustment followed weaker fourth-quarter results impacted by a legal ruling related to the Washington State Convention Center project and reduced visibility into 2026 performance. The company has a short percentage of shares outstanding of 1.24%.

Yahoo Finance
Mar 26th, 2026
Southland Holdings reports $306.5M loss and $772.2M revenue for 2024

Southland Holdings Inc., a Grapevine, Texas-based infrastructure construction company, reported a fourth-quarter loss of $216.4 million, or $4 per share. The company posted revenue of $104 million for the quarter. For the full year, Southland reported a loss of $306.5 million, or $5.67 per share, with total revenue of $772.2 million.

TipRanks
Jan 16th, 2026
Southland Holdings receives $15M surety advance from Zurich to fund construction obligations

Southland Holdings has received approximately $15 million from Zurich Insurance Company under a general indemnity agreement to fund bonded construction contract obligations. The company must now reimburse the surety provider for the advanced funds. Southland is working with its term loan agent, Callodine Commercial Finance, and other lenders to assess how the surety funding affects its existing credit agreement. The company is also negotiating with sureties and lenders for additional funding and a longer-term financing solution, though there is no guarantee such arrangements will be secured. The construction company operates in an industry where surety performance and payment bonds are typically required to guarantee project completion and payment to subcontractors and suppliers.