Sterling to acquire CEC Facilities Group for $505M upfront; expects $0.63-$0.70 EPS accretion in 2025

STERLING INFRASTRUCTURE, INC.

Upfront purchase price $505M ($450M cash + $55M stock); earn-out contingent on 2029 operating income targets.
CEC estimated 2025 revenue $390M-$415M; EBITDA $51M-$54M; EBITDA margin ~13%.
Transaction expected to close Q3 2025, subject to HSR and customary closing conditions.
CEC adds mission-critical electrical contracting to Sterling's E-Infrastructure segment; >80% revenue from semiconductor, data center, manufacturing.
CEC's Founder Ray Waddell to lead electrical platform; CEO Daniel Williams to continue operations.

item 7.01item 1.01item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.