8legs: Stone ridge contracting

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Sterling Announces Acquisition of Stone Ridge Contracting to Expand E-Infrastructure Footprint

Sterling Infrastructure announced it acquired Stone Ridge Contracting to expand its E-Infrastructure site development capabilities.
The deal expands Sterling's geographic reach across Idaho, Oregon, North Dakota, Washington and Texas.
Stone Ridge is expected to generate $180 million to $200 million in revenue in 2026 with mid-teens EBITDA margins.
The purchase price was paid in cash and Sterling common stock, with an earn-out tied to EBITDA through 2031.
The acquisition broadens Sterling’s E-Infrastructure capacity and geographic reach in several western states.
The deal aligns with Sterling’s strategy to accelerate growth in its E-Infrastructure segment.
Stone Ridge is a Pocatello-based site development contractor joining Sterling’s E-Infrastructure segment.
Sterling expects the 2026 revenue contribution to be meaningful for growth plans.
The acquisition includes cash and Sterling common stock as consideration.
An EBITDA-based earn-out through 2031 links Stone Ridge’s performance to Sterling’s long-term goals.

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