Increasing Contracts for Data Centers and Mining Projects: U.S. Infrastructure Firm Targets Northwest and Texas Simultaneously

Sterling Infrastructure, Inc. (STRL) announced on June 9 that it has completed its acquisition of Stone Ridge Contracting, a nonunion site-development firm based in Pocatello, Idaho, and has integrated the business into its E-Infrastructure Solutions segment. Stone Ridge carries out data-center, mining and industrial infrastructure projects across Idaho, Oregon, North Dakota, Washington and Texas. The company projects 2026 revenues of $180–200 million (approximately KRW 240–280 billion), with EBITDA margins in the mid-teens. The purchase price consists of a mix of cash and common stock, with additional consideration contingent on meeting defined EBITDA targets through the end of 2031. Stone Ridge’s existing management team will remain in place.

Sterling plans to incorporate Stone Ridge’s partial-year results into its full-year 2026 guidance when it reports second-quarter earnings, and expects the acquisition to expand its E-infrastructure field-development capabilities in the Pacific Northwest and Texas.

In early May, Sterling Infrastructure reported record first-quarter results, raised its full-year 2026 guidance, and highlighted an expanding E-infrastructure backlog that includes AI data-center and semiconductor-related projects.

Sterling Infrastructure is a U.S. infrastructure-services provider offering E-infrastructure, transportation and building solutions. Its core business is site development for data centers, e-commerce logistics centers, manufacturing and industrial facilities, and power-generation plants. The E-Infrastructure Solutions segment specializes in civil engineering and site preparation for large-scale data centers, logistics facilities and industrial projects, aligning Sterling’s platform with growing investment trends in digital, manufacturing and energy infrastructure across the United States.