secwatch.observer — SEC 8-K summary
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Issuer:     STERLING INFRASTRUCTURE, INC. (STRL)
CIK:        0000874238
Form:       8-K
Filed at:   2025-06-17T23:59:59+00:00
Accession:  0001193125-25-141790
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 7.01, 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/874238/000119312525141790/0001193125-25-141790-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/874238/000119312525141790/d73055d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-141790

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