Sterling Infrastructure Acquires Professional Plumbers Group
November 16, 2023
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.
- Buyers
- Sterling Infrastructure, Inc.
- Targets
- Professional Plumbers Group, Incorporated
- Industry
- Construction
- Location
- Texas, United States
- Transaction Type
- Buyout
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