Sterling Construction Acquires CEC Facilities for $505 Million

Sterling Construction ( (STRL) ) has provided an announcement.

On June 17, 2025, Sterling Infrastructure, Inc. announced its agreement to acquire CEC Facilities Group, a leading electrical and mechanical contractor based in Texas, for $505 million. This acquisition, expected to close in the third quarter of 2025, will expand Sterling’s E-Infrastructure services into mission-critical electrical contracting, enhancing their market position and offering significant opportunities for cross-selling and growth in high-value sectors like semiconductors and data centers. The transaction is anticipated to be accretive to Sterling’s financial profile, with strong revenue and earnings contributions expected from CEC’s operations.

The most recent analyst rating on (STRL) stock is a Buy with a $185.00 price target. To see the full list of analyst forecasts on Sterling Construction stock, see the STRL Stock Forecast page.

Spark’s Take on STRL Stock

According to Spark, TipRanks’ AI Analyst, STRL is a Outperform.

Sterling Construction’s strong financial performance and positive earnings call guidance are the most significant factors contributing to the high score. Technical indicators suggest bullish momentum, though caution is warranted due to potential overbought conditions. Moderate valuation and strategic corporate events further support the company’s growth prospects.

To see Spark’s full report on STRL stock, click here.

More about Sterling Construction

Sterling Infrastructure, Inc. operates through various subsidiaries in the United States, focusing on E-Infrastructure, Transportation, and Building Solutions. Their E-Infrastructure Solutions segment provides large-scale site development services for sectors like manufacturing, data centers, and power generation, while their Transportation Solutions cover infrastructure projects for highways, bridges, and airports. Building Solutions include concrete foundations and plumbing services for residential and commercial projects.

Average Trading Volume: 753,904

Technical Sentiment Signal: Buy

Current Market Cap: $6.37B

For detailed information about STRL stock, go to TipRanks’ Stock Analysis page.