Sterling Infrastructure (STRL) Finalizes Acquisition of Stone Ridge Contracting to Expand Infrastructure Capabilities

Sterling Infrastructure Inc. (NASDAQ:STRL) is one of the high growth NASDAQ stocks to buy now. On June 9, Sterling Infrastructure finalized the acquisition of Stone Ridge Contracting, LLC, a site development contractor based in Pocatello, Idaho. Stone Ridge will be integrated into Sterling’s E-Infrastructure Solutions segment, enhancing the company’s capabilities in heavy civil, concrete, and construction management services.

This transaction expands Sterling Infrastructure Inc.’s (NASDAQ:STRL) geographic presence into the Pacific Northwest, covering Idaho, Oregon, North Dakota, and Washington, while further strengthening its operations in Texas. The acquisition is strategically focused on high-growth sectors, including data centers, mining, and industrial infrastructure.

Stone Ridge is projected to generate between $180 million and $200 million in revenue for the full year 2026, with EBITDA margins in the mid-teens. The deal, which includes a mix of cash and common stock, also features an earn-out provision tied to specific performance targets through the end of 2031.

Sterling Infrastructure Inc. (NASDAQ:STRL) provides e-infrastructure, transportation, and building solutions across the United States.

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