Sterling Construction Acquires Petillo Incorporated

Sterling Construction Company, Inc. acquired Petillo Incorporated, a Northeast specialty site development firm, for $195 million in aggregate consideration (comprised of $175M cash and 759,447 shares valued at $20M) with up to $20M in earn-outs and $15M in retention payments for the CEO. The deal expands Sterling's E‑infrastructure capabilities and geographic footprint across major East Coast markets, positioning the company as a leader in specialty site development for blue‑chip e‑commerce and data center customers.