Sterling Construction acquires Concrete Construction Services for $22M

Sterling Infrastructure announced that it has acquired Concrete Construction Services of Arizona L.L.C. and its affiliated company for a purchase price of $22M. CCS provides residential single-family home concrete foundations, including the preparation, pouring and finishing of post-tension concrete foundations in new housing subdivisions in the Greater Phoenix area. "The addition of CCS to our Building Solutions segment allows us to expand our breadth of residential service offerings to our key blue-chip customers in Arizona," said Joe Cutillo, Sterling’s Chief Executive Officer. "The population shifts in the area have significantly increased the demand for our residential services, and this tuck-in acquisition broadens our capacity. We welcome CCS to our team and believe they are a culture fit with their strong entrepreneurial management and solid competencies in concrete foundations."