Sterling Construction Acquires Petillo Incorporated

Sterling Construction Acquires Kimes & Stone

December 28, 2021

Construction

Sterling Construction Company, Inc. has acquired Kimes & Stone, a soil stabilization and site development services provider, in an all-cash transaction for $7.6 million (approximately 3–4x EBITDA). The acquisition includes Kimes’ equipment fleet, working capital and management team, and is intended to vertically integrate Sterling’s specialty infrastructure services and expand capacity and geographic footprint across the U.S. Southeast.

Sterling Infrastructure Acquires Professional Plumbers Group

November 16, 2023

Construction

Sterling Infrastructure, Inc. (Nasdaq: STRL) acquired Professional Plumbers Group, Incorporated (PPG), a Wylie, Texas-based plumbing contractor serving residential home builders in the Dallas area, for $50 million in cash plus an earnout. PPG, which generates approximately $50–55 million in annual revenue, will join Sterling's Building Solutions segment to expand its residential plumbing capabilities and cross-sell to its existing builder customers in the Dallas market.

Continental Services Acquires Sterling Services

March 18, 2019

Food & Beverage

Continental Services, a Michigan-based food management company and portfolio company of New Heritage Capital, has acquired Sterling Services of Canton, Michigan. The entire Sterling leadership team and staff will join Continental; financial terms were not disclosed. The deal is an add-on as Continental continues a series of strategic acquisitions to expand its dining, refreshment and vending capabilities in Michigan.

STERIS Acquires Cantel Medical Corp.

January 12, 2021

Medical Devices

STERIS plc agreed to acquire Cantel Medical Corp. in a cash-and-stock transaction valuing Cantel at approximately $3.6 billion equity ($4.6 billion enterprise), paying $84.66 per Cantel share. The deal expands STERIS’s infection‑prevention and endoscopy capabilities and extends the company into dental customers, with expected pre‑tax cost synergies of ~$110 million by year four and accretion to adjusted EPS in year one.

Posillico Civil Acquires Martins Construction

April 29, 2022

Construction

Posillico Civil, a family-owned civil construction firm based in New York, has acquired Martins Construction Corp., a heavy highway and bridge construction company based in Falls Church, Virginia. The deal expands Posillico's Mid-Atlantic presence and preserves Martins' leadership and workforce as the Martins founders retire.

The Sterling Group Acquires Polychem Corporation

March 15, 2019

Manufacturing

The Sterling Group, a middle-market private equity firm, has completed the acquisition of Polychem Corporation, a Mentor, Ohio-based manufacturer of polyester (PET) and polypropylene strapping and related securement packaging equipment. The transaction gives Sterling a platform in the securement packaging sector with Polychem’s vertically integrated manufacturing and PET recycling capabilities to serve food & beverage, consumer packaged goods and industrial customers.