On June 15, Sterling Construction Company rose 5.35% in regular trading, trading at $887.65/share, with turnover of $94.27 million. The stock continues to rally following the completion of its acquisition of Stone Ridge Contracting.

On the news front, the company recently announced the completion of its acquisition of Stone Ridge Contracting, a site development contractor, expanding its E-Infrastructure Solutions segment into the Pacific Northwest. Stone Ridge serves markets including data centers, mining, and industrial projects across Idaho, Oregon, North Dakota, Washington, and Texas, and is expected to generate approximately $180 million in annual revenue. The purchase price is a combination of cash and Sterling stock, with a contingent payment tied to EBITDA performance through December 31, 2031.

The stock had previously pulled back sharply from highs above $1,000 amid broader concerns that elevated interest rates could slow debt-driven AI infrastructure buildout, dragging down the entire data center supply chain. The acquisition landing, combined with oversold recovery demand, has continued to propel the rebound.

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