Sterling Infrastructure, Inc. completed the acquisition of CEC Facilities Group, LLC, expanding its suite of E-Infrastructure services.
CEC is a leading specialty electrical and mechanical contractor based in Irving, Texas.
The acquisition is expected to contribute approximately $130 to $138 million in revenue in the remainder of 2025.
Financial Contributions
- Revenue: $130 to $138 million - Adjusted diluted earnings per share: $0.22 to $0.24 - Adjusted EBITDA: $17 to $18 million - Assumptions include the impact of lower interest income and estimated tax rate.
CEO's Remarks
Joe Cutillo, CEO of Sterling, expressed excitement about the acquisition and its significance in expanding E-Infrastructure capabilities.
- The acquisition of CEC allows Sterling to deliver faster and more efficient project solutions.
- It signifies a milestone in Sterling's growth strategy, enhancing its value proposition for customers.
The completion of the acquisition marks a significant step in Sterling Infrastructure's expansion and strategic development within the E-Infrastructure sector.