Sterling subsidiary wins $100M data center project

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THE WOODLANDS, Texas – Sterling Infrastructure, Inc. (NASDAQ:STRL), a company operating in the construction sector, disclosed today that its subsidiary, Plateau Excavation, has secured a contract for a data center development in the southeastern United States. The project, estimated at around $100 million, involves the installation of 125,000 linear feet of underground infrastructure across 280 acres. The initiation of the project is scheduled for the second quarter of this year.

Joe Cutillo, CEO of Sterling, expressed confidence in the data center market’s growth, attributing it to the rising infrastructure demands of AI and other advanced technologies. Cutillo emphasized Plateau’s reputation for delivering critical projects on time, suggesting that this capability was a key factor in their selection for the project.

Sterling Infrastructure operates through subsidiaries in various sectors, including E-Infrastructure, Transportation, and Building Solutions, primarily in the Southern, Northeastern, Mid-Atlantic, and Rocky Mountain regions, as well as the Pacific Islands. The company’s E-Infrastructure segment offers site development services for a range of facilities, including manufacturing plants, data centers, and distribution hubs.

Investors and stakeholders are advised that this announcement contains forward-looking statements, which are based on current expectations and projections about future events. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated. Sterling has indicated that it does not plan to update these forward-looking statements in the future, except as required by law.

The information disclosed is based on a press release statement from Sterling Infrastructure, Inc.

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