The acquisition adds meaningful revenue and EBITDA to the E-Infrastructure segment with a clear strategic fit. Monitor the Q2 2026 earnings update for revised full-year guidance incorporating the partial-year contribution from Stone Ridge.
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Executive Summary
Sterling Infrastructure closed the acquisition of Stone Ridge Contracting, a site development contractor, for an undisclosed mix of cash and stock. Stone Ridge is expected to contribute $180M-$200M in 2026 revenue and mid-teen EBITDA margins, expanding Sterling's E-Infrastructure segment into the Pacific Northwest.
Key Facts
- Acquisition of Stone Ridge Contracting closed on June 9, 2026.
- Stone Ridge expected to generate full-year 2026 revenue of $180 million to $200 million.
- Stone Ridge expected to have EBITDA margins in the mid-teens.
- Purchase price is a combination of cash and Sterling common stock, with an earn-out tied to EBITDA targets through 2031.
- Stone Ridge will join Sterling's E-Infrastructure Solutions segment.
- Acquisition expands Sterling's geographic footprint into the Pacific Northwest (Idaho, Oregon, North Dakota, Washington, Texas).
Financial Impact
Expected revenue contribution of $180M-$200M in 2026 from acquired entity; multiple not disclosed but within typical range for site development assets.
Risk Factors
- Integration risk of a non-union contractor into Sterling's operations
- Earn-out structure may incentivize short-term EBITDA maximization over long-term value
- Cash component of purchase price reduces financial flexibility
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000874238-26-000087 |
| Document: a20260609ex991pressrelease.htm | 0000874238-26-000087 |
| Document: 0000874238-26-000087-index-headers.html | 0000874238-26-000087 |
| Document: 0000874238-26-000087-index.html | 0000874238-26-000087 |
| Document: 0000874238-26-000087.txt | 0000874238-26-000087 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 10, 2026 12w ago | 8-K | $660.04 $528.51 | ▼ −19.93% | ▼ −23.11% | $533.42 (−19.18%) |
Jun 9, 2026 16w ago | 8-K | $842.01 $674.39 | ▼ −19.91% | ▼ −21.35% | $533.42 (−36.65%) |
May 21, 2026 19w ago | 8-K | $732.94 $841.01 | ▲ +14.74% | ▲ +16.16% | $533.42 (−27.22%) |
Apr 8, 2026 25w ago | 8-K | $435.65 $886.22 | ▲ +103.42% | ▲ +95.86% | $533.42 (+22.44%) |
Mar 25, 2026 27w ago | DEFA14A | $415.93 $497.18 | ▲ +19.53% | ▲ +8.87% | $533.42 (+28.25%) |
Mar 9, 2026 29w ago | Insider Cluster | $411.38 $382.22 | ▼ −7.09% | ▼ −4.28% | $533.42 (+29.67%) |
Mar 5, 2026 30w ago | Insider Cluster | $398.87 $416.34 | ▲ +4.38% | ▲ +8.17% | $533.42 (+33.73%) |
Feb 25, 2026 31w ago | 8-K | $455.25 $452.92 | ▼ −0.51% | ▲ +4.72% | $533.42 (+17.17%) |
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