Sterling Infrastructure acquires Professional Plumbers Group for $50M cash plus earnout

STERLING INFRASTRUCTURE, INC.

Purchase price: $50M cash plus earnout contingent on future EBITDA targets.
PPG annual revenues of $50-55M with strong, accretive margin profile.
PPG provides plumbing for new residential builds in greater Dallas area; joins Building Solutions segment.
Expands Sterling's residential services to the plumbing phase following slab completion.
Complementary customer base offers cross-selling opportunities with existing services.

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