New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 3, 2013
08:47 EDTSTRLSterling Construction acquires remaining interest in construction subsidiary
Sterling Construction made an early exercise of its option under a December 2009 Purchase Agreement on December 31, 2012 and purchased the remaining 20% membership interest in Ralph L. Wadsworth Construction Company 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. Total consideration of $23.1M was funded by drawing down on Sterling’s line of credit. Sterling intends to repay the borrowed funds by liquidating some of its short-term investments.
News For STRL From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
July 27, 2015
08:46 EDTSTRLSterling Construction awarded $26.3M project in Houston
Sterling Construction announced that it was awarded $26.3M project by the Harris County Toll Road Authority in Houston. The project consists of work on the Hardy Toll Road, where Texas Sterling will replace conventional toll collection facilities with automated ‘toll tag’ facilities. Approximately 35% of the project will be performed by pre-qualified subcontractors covered by surety bonds, which helps to guarantee performance and completion as specified in the contract terms, and reduces construction-related risk to the project owner and to Sterling. In addition, the project scope includes enhancements to exit and entrance ramps and is expected to commence in August 2015 and be completed by October 2016 with incentives for early completion.
July 20, 2015
08:47 EDTSTRLSterling Construction low bidder for TxDOT project
Sterling Construction announced that it was the responsive low bidder on a $58.8M Texas Department of Transportation, or TxDOT projected 55 miles south of Dallas in Corsicana, Texas. The project consists of widening an 8.3 mile section of Interstate 45 from four lanes to six lanes. Additionally, the project scope includes the widening of seven existing bridges and the construction of three new bridges. The project is expected to commence in November 2015 and be completed by January 2017.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the disclaimer & terms of use