M&A Deal Summary

Sterling Infrastructure Acquires Tealstone Construction

On March 9, 2017, Sterling Infrastructure acquired construction company Tealstone Construction for 85M USD

Acquisition Highlights
  • This is Sterling Infrastructure’s 1st transaction in the Construction sector.
  • This is Sterling Infrastructure’s 4th largest (disclosed) transaction.
  • This is Sterling Infrastructure’s 1st transaction in the United States.
  • This is Sterling Infrastructure’s 1st transaction in Texas.

M&A Deal Summary

Date 2017-03-09
Target Tealstone Construction
Sector Construction
Buyer(s) Sterling Infrastructure
Deal Type Add-on Acquisition
Deal Value 85M USD

Target

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.

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Buyer(S) 1

Buyer

Sterling Infrastructure

The Woodlands, Texas, United States

Category Company
Founded 1955
Sector Construction
Employees3,200
Revenue 2.1B USD (2024)
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 1 of 7
Sector: Construction M&A 1 of 7
Type: Add-on Acquisition M&A Deals 1 of 7
State: Texas M&A 1 of 2
Country: United States M&A 1 of 7
Year: 2017 M&A 1 of 1
Size (of disclosed) 4 of 7
FOLLOWING 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