Sterling Construction Acquires Kimes & Stone
December 28, 2021
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.
- Buyers
- Sterling Construction Company, Inc.
- Targets
- Kimes & Stone Construction Co., Inc.
- Industry
- Construction
- Location
- Mississippi, United States
- Transaction Type
- Buyout
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