Sterling Construction Announces Major Asset Acquisition Deal

An update from Sterling Construction ( (STRL) ) is now available.

On June 16, 2025, Sterling Infrastructure, Inc. announced an Asset Purchase Agreement to acquire substantially all assets of CEC Facilities Group, LLC for $505 million, comprising $450 million in cash and $55 million in common stock. This acquisition, expected to close in the third quarter of 2025, aims to enhance Sterling’s market position by integrating CEC’s services and retaining key employees, although it remains subject to regulatory approvals and closing conditions.

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 has a strong overall financial profile, supported by consistent revenue growth and profitability. The positive momentum and strategic acquisitions further enhance its growth outlook. However, a relatively high valuation and overbought technical indicators suggest some caution is warranted.

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

More about Sterling Construction

Sterling Infrastructure, Inc. operates in the infrastructure industry, focusing on providing electrical, mechanical, and technological design, construction, installation, and maintenance services across various industries in the United States.

Average Trading Volume: 763,436

Technical Sentiment Signal: Buy

Current Market Cap: $6.37B

For an in-depth examination of STRL stock, go to TipRanks’ Overview page.