STRL STERLING INFRASTRUCTURE, INC.

Price Chart

Executive Summary

Sterling Infrastructure closed the acquisition of Stone Ridge Contracting, a site development contractor, for an undisclosed mix of cash and stock. Stone Ridge is expected to contribute $180M-$200M in 2026 revenue and mid-teen EBITDA margins, expanding Sterling's E-Infrastructure segment into the Pacific Northwest.

Actionable Insight

Key Facts

• Acquisition of Stone Ridge Contracting closed on June 9, 2026.
• Stone Ridge expected to generate full-year 2026 revenue of $180 million to $200 million.
• Stone Ridge expected to have EBITDA margins in the mid-teens.
• Purchase price is a combination of cash and Sterling common stock, with an earn-out tied to EBITDA targets through 2031.
• Stone Ridge will join Sterling's E-Infrastructure Solutions segment.
• Acquisition expands Sterling's geographic footprint into the Pacific Northwest (Idaho, Oregon, North Dakota, Washington, Texas).

Financial Impact

Expected revenue contribution of $180M-$200M in 2026 from acquired entity; multiple not disclosed but within typical range for site development assets.

Risk Factors

• Integration risk of a non-union contractor into Sterling's operations
• Earn-out structure may incentivize short-term EBITDA maximization over long-term value
• Cash component of purchase price reduces financial flexibility

Market Snapshot

Documents Analyzed

This report is based on 5 SEC documents filed with EDGAR.

US Market Status