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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