M&A Deal Summary

Sterling Infrastructure Acquires CCS

On December 20, 2022, Sterling Infrastructure acquired construction company CCS for 22M USD

Acquisition Highlights
  • This is Sterling Infrastructure’s 5th transaction in the Construction sector.
  • This is Sterling Infrastructure’s 5th largest (disclosed) transaction.
  • This is Sterling Infrastructure’s 5th transaction in the United States.
  • This is Sterling Infrastructure’s 1st transaction in Arizona.

M&A Deal Summary
Date 2022-12-20
Target CCS
Sector Construction
Buyer(s) Sterling Infrastructure
Deal Type Add-on Acquisition
Deal Value 22M USD

Target

CCS

Phoenix, Arizona, United States
CCS provides residential single-family home concrete foundations, including the preparation, pouring and finishing of post-tension concrete foundations in new housing subdivisions in the Greater Phoenix area. CCS is based in Phoenix, Arizona.

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Buyer(S) 1

Buyer

Sterling Infrastructure

The Woodlands, Texas, United States
Category Company
Founded 1955
Sector Construction
Employees3,000
Revenue 2.0B USD (2023)
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 5 of 6
Sector (Construction) 5 of 6
Type (Add-on Acquisition) 5 of 6
State (Arizona) 1 of 1
Country (United States) 5 of 6
Year (2022) 2 of 2
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-05 Petillo

Flanders, New Jersey, United States

Petillo is a full-service site work and heavy highway construction company serving the Northeastern United States. Petillo is a specialty site development solutions provider. Petillo was founded in 1994 and is based in Flanders, New Jersey.

Buy $195M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-16 Professional Plumbers Group

Wylie, Texas, United States

Professional Plumbers Group serves a range of residential home builders in the greater Dallas area.

Buy $50M
Mergr

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