M&A Deal Summary

Sterling Infrastructure Acquires Plateau Excavation

On August 14, 2019, Sterling Infrastructure acquired construction company Plateau Excavation for 400M USD

Acquisition Highlights
  • This is Sterling Infrastructure’s 2nd transaction in the Construction sector.
  • This is Sterling Infrastructure’s largest (disclosed) transaction.
  • This is Sterling Infrastructure’s 2nd transaction in the United States.
  • This is Sterling Infrastructure’s 1st transaction in Georgia.

M&A Deal Summary
Date 2019-08-14
Target Plateau Excavation
Sector Construction
Buyer(s) Sterling Infrastructure
Deal Type Add-on Acquisition
Deal Value 400M USD

Target

Plateau Excavation

Austell, Georgia, United States
website
Plateau Excavation, Inc. is a specialty contractor serves large, blue-chip customers in the e-commerce, data center, distribution center, and warehousing, and energy sectors. Plateau Excavation is based in Austell, Georgia.

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Buyer(S) 1

Buyer

Sterling Infrastructure

The Woodlands, Texas, United States

website

Category Company
Founded 1955
Sector Construction
Employees2,600
Revenue 1.8B USD (2022)
DESCRIPTION

Sterling Infrastructure is a heavy civil construction company that specializes in the building and reconstruction of transportation and water infrastructure projects in Texas, Utah, Nevada, Colorado, Arizona, California, Hawaii, and other states in which there are construction opportunities. Sterling Infrastructure was founded in 1955 and is based in The Woodlands, Texas.

DEAL STATS #
Overall 2 of 6
Sector (Construction) 2 of 6
Type (Add-on Acquisition) 2 of 6
State (Georgia) 1 of 1
Country (United States) 2 of 6
Year (2019) 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-09 Tealstone Construction

Garland, Texas, United States

Tealstone Construction is a commercial and residential concrete construction in the Dallas-Fort Worth Metroplex. The company serves commercial contractors and multi-family developers, as well as national homebuilders in Texas and Oklahoma.

Buy $85M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-28 Kimes

Booneville, Mississippi, United States

Kimes provides diversified services offering soil stabilization for site development on e-commerce projects such as large fulfillment and distribution centers and data centers, as well as soil stabilization for roadways and manufacturing plant construction. Kimes is based in Booneville, Mississippi.

Buy $8M
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