U.S. Infrastructure Firm Targets Data Centers and Mining Projects in Northwest and Texas

Sterling Infrastructure, Inc. (STRL) announced on June 9 that it has completed its acquisition of Stone Ridge Contracting, a non-union field development firm based in Pocatello, Idaho, and will integrate it into its E-Infrastructure Solutions segment. Stone Ridge operates in high-growth markets—including data centers, mining and industrial infrastructure—across Idaho, Oregon, North Dakota, Washington and Texas. The company expects Stone Ridge to generate $180 million to $200 million in revenue in 2026, with EBITDA margins in the mid-teens.

The purchase consideration comprised both cash and Sterling common stock, with an earn-out provision that awards additional payments if specified EBITDA targets are met by December 31, 2031. Stone Ridge’s existing management team will remain in place following the closing. Sterling plans to reflect Stone Ridge’s partial contribution to 2026 results by adjusting its full-year guidance when it reports second-quarter earnings.

Buoyed by a surge in data-center construction driven by artificial intelligence infrastructure investments and strong first-quarter results, Sterling’s share price reached an all-time high on the New York Stock Exchange in early May. The company has forecast that E-Infrastructure segment revenue will grow by over 80% year-over-year in 2026, underscoring the strength of its related businesses.

Sterling Infrastructure is a U.S. infrastructure services provider delivering a broad range of projects—such as data centers, e-commerce logistics facilities, manufacturing plants, roads, bridges and residential foundations—through its three segments: E-Infrastructure, Transportation Solutions and Building Solutions. Founded in 1955 and headquartered in The Woodlands, Texas, Sterling has recently made the expansion of digital infrastructure—particularly e-commerce and AI data centers—a central pillar of its growth strategy.