Sterling Infrastructure has finalized the acquisition of Stone Ridge Contracting, a site development contractor based in Pocatello, Idaho. Stone Ridge will be integrated into Sterling's E-Infrastructure Solutions segment, enhancing capabilities in heavy civil, concrete, and construction management services. The deal expands Sterling's geographic presence into the Pacific Northwest, covering Idaho, Oregon, North Dakota, and Washington, while strengthening operations in Texas. Stone Ridge is projected to generate between $180 million and $200 million in revenue for the full year 2026, with EBITDA margins in the mid-teens. The transaction includes a mix of cash and common stock, along with an earn-out provision tied to performance targets through the end of 2031.
Sterling Infrastructure, Inc.Sterling finalizes acquisition of Stone Ridge, expected to add $180-200M revenue and mid-teen EBITDA margins.