Sterling Infrastructure Acquires Concrete Construction Services of Arizona (CCS)
December 20, 2022
Sterling Infrastructure, Inc. (NasdaqGS: STRL) acquired Concrete Construction Services of Arizona L.L.C. (CCS) in a tuck-in transaction for a purchase price of $22 million paid in cash and Sterling common stock. CCS, which generates approximately $70 million in annual revenues and provides residential post-tension concrete foundations in the Greater Phoenix area, expands Sterling’s Building Solutions capacity and service offering in Arizona.
- Buyers
- Sterling Infrastructure, Inc.
- Targets
- Concrete Construction Services of Arizona L.L.C. (CCS)
- Industry
- Construction
- Location
- Arizona, United States
- Transaction Type
- Buyout
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