Sterling Infrastructure to Acquire CEC Facilities Group for $505M

Sterling Infrastructure, Inc. (STRL) announced a definitive agreement to acquire CEC Facilities Group, a leading non-union electrical contractor serving mission-critical end markets. The total upfront consideration is $505 million, consisting of $450 million in cash and $55 million in STRL common stock, with an additional earn-out opportunity through 2029. The transaction is expected to close in Q3 2025, subject to HSR clearance and other conditions.

“Total upfront consideration at closing totals $505M, consisting of $450M cash (subject to certain adjustments) and $55M in STRL common stock”

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