M&A Deal Summary

Sterling Infrastructure Acquires Kimes

On December 28, 2021, Sterling Infrastructure acquired construction company Kimes for 8M USD

Acquisition Highlights
  • This is Sterling Infrastructure’s 3rd transaction in the Construction sector.
  • This is Sterling Infrastructure’s 6th largest (disclosed) transaction.
  • This is Sterling Infrastructure’s 3rd transaction in the United States.
  • This is Sterling Infrastructure’s 1st transaction in Mississippi.

M&A Deal Summary
Date 2021-12-28
Target Kimes
Sector Construction
Buyer(s) Sterling Infrastructure
Deal Type Add-on Acquisition
Deal Value 8M USD

Target

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.

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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 3 of 6
Sector (Construction) 3 of 6
Type (Add-on Acquisition) 3 of 6
State (Mississippi) 1 of 1
Country (United States) 3 of 6
Year (2021) 1 of 1
Size (of disclosed) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-14 Plateau Excavation

Austell, Georgia, United States

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.

Buy $400M
FOLLOWING 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
Mergr

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