What is Sterling Infrastructure?
Sterling Infrastructure, founded in 1955 and formerly known as Oakhurst Company and Sterling Construction Company, is a prominent heavy civil construction firm specializing in transportation and water infrastructure projects across the United States. The company's expertise spans the construction, repair, and reconstruction of essential public works, including highways, roads, bridges, airfields, ports, light rail systems, water systems, wastewater facilities, and storm drainage networks. Primarily serving government entities such as state departments of transportation, regional transit authorities, airport authorities, port authorities, and water authorities, as well as railroad companies, Sterling Infrastructure plays a vital role in developing and maintaining the nation's foundational infrastructure. The company operates across multiple states, including Texas, Utah, Nevada, Colorado, Arizona, California, and Hawaii.
How much funding has Sterling Infrastructure raised?
Sterling Infrastructure has raised a total of $140M across 1 funding round:
Debt
$140M
Debt (2022): $140M with participation from BMO Capital Markets
Key Investors in Sterling Infrastructure
BMO Capital Markets
BMO Capital Markets, a full-service financial services provider established in 1817, offers a comprehensive suite of products and services including underwriting, corporate lending, and M&A advisory. Their involvement suggests a strategic financial backing for Sterling Infrastructure's growth and development initiatives.
What's next for Sterling Infrastructure?
The recent major strategic investment in Sterling Infrastructure signals a period of potential expansion and enhanced project execution. With a strong foundation in heavy civil construction and a focus on essential transportation and water systems, the company is well-positioned to capitalize on ongoing infrastructure development initiatives. This capital infusion is likely to support the scaling of operations, the acquisition of new equipment, and the pursuit of larger-scale government contracts, further solidifying Sterling Infrastructure's role as a key player in rebuilding and modernizing America's critical infrastructure.
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