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Sterling Bolsters E-Infrastructure With Acquisition of CEC Group
ZACKS· 2025-09-03 17:56
Key Takeaways Sterling's CEC Facilities acquisition broadens its E-Infrastructure service offerings.Total backlog reaches $2B, up 24% over the previous year, with strong future visibility.Sterling's stock rallied 42.9% in 3 months, outperforming the industry.Sterling Infrastructure, Inc. (STRL) has completed the acquisition of CEC Facilities Group, LLC — a specialized electrical and mechanical contractor based in Irving, TX — which was previously announced on June 16, 2025.The buyout of CEC Facilities is ex ...
Sterling Infrastructure Completes Acquisition of CEC Facilities Group
Prnewswire· 2025-09-02 12:30
Acquisition Expands Suite of E-Infrastructure Services into Mission-Critical Electrical ContractingTHE WOODLANDS, Texas, Sept. 2, 2025 /PRNewswire/ -- Sterling Infrastructure, Inc. (NasdaqGS: STRL) ("Sterling" or "the Company") today announced that it has completed its previously announced acquisition of Irving, Texas-based CEC Facilities Group, LLC, et al. ("CEC"), a leading specialty electrical and mechanical contractor.CEC will join Sterling's E-Infrastructure Solutions segment and is estimated to genera ...