EX-99.1 2 d73055dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 NEWS RELEASE For Immediate Release: June 17, 2025 Sterling Announces Agreement to Acquire CEC Facilities Group Acquisition Expands Suite of E-Infrastructure Services into Mission-Critical Electrical Contracting Conference Call with Accompanying Slide Deck: June 17, 2025 at 11:00 AM ET/ 10:00 AM CT THE WOODLANDS, TX - June 17, 2025 - Sterling Infrastructure, Inc. (NasdaqGS: STRL) (“Sterling” or “the Company”) today announced that it has signed a definitive agreement to purchase substantially all of the assets of Irving, Texas-based CEC Facilities Group, LLC (“CEC”) a leading specialty electrical and mechanical contractor. The upfront purchase price at closing totals $505 million, consisting of $450 million in cash (subject to certain adjustments) and $55 million in Sterling Common Stock. Additionally, CEC has an earn out opportunity contingent upon achieving certain operating income targets through December 31, 2029. The Boards of Directors of both companies have unanimously approved the transaction. CEC will join Sterling’s E-Infrastructure Solutions segment. The transaction is expected to close in the third quarte…
Open exhibit ↗Current Report · Items 7.01, 9.01 · 8-K
Sterling Infrastructure, Inc.
STRLNASDAQEQUITYCurrent
Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On June 17, 2025, Sterling Infrastructure, Inc. (the “Company”) issued a press release announcing the execution on June 16, 2025 of an Asset Purchase Agreement (the “Purchase Agreement”) by the Company and CEC Facilities, LLC, a Delaware limited liability company and wholly-owned subsidiary of the Company (“Purchaser”), CEC Facilities Group, LLC, a Texas limited…
Company context
Sterling operates through a variety of subsidiaries within three segments specializing in E-Infrastructure, Transportation and Building Solutions in the United States, primarily across the Southern, Northeastern, Mid-Atlantic and Rocky Mountain regions and the Pacific Islands. E-Infrastructure Solutions provides advanced, large-scale site development services for manufacturing, data centers, distribution centers, warehousing, power generation and more. Transportation Solutions includes infrastructure and rehabilitation projects for highways, roads, bridges, airports, ports, rail and storm drainage systems. Building Solutions includes residential and commercial concrete foundations for single-family and multi-family homes, parking structures, elevated slabs, other concrete work, plumbing services, and surveys for new single-family residential builds. From strategy to operations, we are committed to sustainability by operating responsibly to safeguard and improve society’s quality of life. Caring for our people and our communities, our customers and our investors - that is The Sterling Way.
Current securities
Recent company filings
- Regulation FD DisclosureOct 5, 2026
- SCHEDULE 13G/A - filed by BlackRock, Inc. regarding STERLING INFRASTRUCTURE, INC.Sep 4, 2026
- 10-Q filingAug 4, 2026
- Results of Operations and Financial Condition · Regulation FD DisclosureAug 3, 2026
- SCHEDULE 13G/A - filed by BlackRock, Inc. regarding STERLING INFRASTRUCTURE, INC.Jul 30, 2026
Disclosure sections
Item 7.01Item 7.01 - Regulation FD Disclosure
Filed exhibits (2)
EX-99.2 3 d73055dex992.htm EX-99.2 EX-99.2 STERLING TO ACQUIRE CEC FACILITIES GROUP INVESTOR UPDATE June 17, 2025 Exhibit 99.2 Cautionary Statement Regarding Forward-Looking Statements Sterling Infrastructure, Inc. | STRL: CEC Acquisition This presentation contains, and the officers and directors of the Company may from time to time make, statements that are considered forward-looking statements within the meaning of the federal securities laws. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which may include statements about: the financial estimates or projections of CEC and the anticipated closing date and benefits of the potential acquisition; our business strategy; our financial strategy; our industry outlook; our guidance; our expected margin growth; and our plans, objectives, expectations, forecasts, outlook and intentions. All of these types of statements, other than statements of historical fact included in this presentation, are forward-looking statements. In some cases, forward-looking statements can be identified by terminology such as “may,” “will,” “could,” “would,” “should,” “expect,” “p…
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