Sterling to acquire CEC Facilities Group for $505m.

Sterling, an infrastructure services provider, agreed to acquire CEC Facilities Group, a specialty electrical and mechanical contractor, for $505m. "We are thrilled to announce that CEC is joining the Sterling team. CEC has extremely strong relationships with its customers and a history of excellent growth, execution, and profitability. We welcome CEC to our team and believe their strong values, commitment to customers, and entrepreneurial spirit align perfectly with Sterling," Joe Cutillo, Sterling CEO.