Sterling Construction to Acquire Plateau Excavation, Inc.; a Leading Site Infrastructure Improvement Contractor
Sterling Infrastructure, Inc. (STRL)
Last sterling infrastructure, inc. earnings: 3/2 04:24 pm
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US:NASDAQ Investor Relations:
strlco.com/investor-relations
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Source: Business Wire
Transformative Acquisition to Deliver Accretive Gross Margin, EBITDA Margin and EarningsAnnounces Commitment for New Term Loan and Revolving Credit FacilitiesConference Call with Accompanying Slide Deck: Wednesday, August 14th at 11:00 am ET THE WOODLANDS, Texas--(BUSINESS WIRE)--Sterling Construction Company, Inc. (NasdaqGS: STRL) (“Sterling” or “the Company”) today announced that it has signed a definitive agreement to purchase Austell, GA-based Plateau Excavation, Inc. and its related entities (collectively “Plateau”), a leading specialty contractor, for $400 million; $375 million in cash and $25 million in Sterling Common Stock and seller notes. Sterling plans to finance the transaction and replace its current borrowing facility with a new $400 million term loan together with a $75 million revolving credit facility, for which it has received a financing commitment from BMO Harris Bank N.A., and its available cash balance. The transaction is expected to close near the end of the
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STRL
News
- Sterling to Participate in Upcoming Investor ConferencePR Newswire
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STRL
Earnings
- 11/6/24 - Beat
STRL
Sec Filings
- 11/15/24 - Form 8-K
- 11/7/24 - Form 10-Q
- 11/6/24 - Form 8-K
- STRL's page on the SEC website