Construction M&A » By The Online Investor Staff, updated Mon., Jul. 4, 11:30 AM
Recent mergers and acquisitions in the Construction M&A category.
| This Slide: #84 of 100 |
Slide #84. Sterling Construction Company, Inc. — Ralph L. Wadsworth Subsidiary
Acquirer:
Sterling Construction Company, Inc. (NASDAQ:STRL)
Acquiree:
Ralph L. Wadsworth Subsidiary
Details:
Sterling Construction Company, Inc. announced that on December 31, 2012 it made an early exercise of its option under a December 2009 Purchase Agreement ("the 2009 Agreement") and purchased the remaining 20% membership interest in Ralph L. Wadsworth Construction Company, LLC ("RLW") that was previously held by RLW's executive management. Sterling further retained the services of RLW's CEO, President and Vice President of Business Development, Kip, Con and Tod Wadsworth, respectively, under new employment agreements.
Sterling Infrastructure operates construction business focusing on Transportation, E-Infrastructure and Building Solutions segments. Transportation Solutions includes infrastructure and rehabilitation projects for highways, roads, bridges, airports, ports, light rail, water, wastewater and storm drainage systems. E-Infrastructure Solutions projects develop large-scale site development systems and services for data centers, e-commerce distribution centers, warehousing, transportation, energy and others. Building Solutions projects include residential and commercial concrete foundations for single-family and multi-family homes, parking structures, elevated slabs and other concrete work.
STRL SEC Filing Email Alerts Service
Open the STRL Page at The Online Investor »
|
|||||||||||||||||||||
Open the STRL Page at The Online Investor (in a new window) »
 Free STRL Email Alerts:
Get SEC Filing Alerts Get Dividend Alerts 
|
Avg. Broker Rec.
|
Buy (3.00 out of 4) 13rd percentile
(ranked lower than approx. 87% of all stocks covered)
Analysts' Target Price: STRL Stock Forecast Based on Zacks ABR data; powered by Xignite |
