Sterling Construction Company, Inc. : today announced that Ralph L. Wadsworth ("RLW") in conjunction with J. Banicki Construction, Inc. ("Banicki"), its recently acquired Arizona-based subsidiary, was apparent low bidder on the $71 million Gateway Freeway SR 24 project in Mesa, Arizona.
January 14, 2012 at 05:04 am IST
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FOR IMMEDIATE RELEASE
STERLING CONSTRUCTION COMPANY, INC. IS APPARENT LOW BIDDER ON
A
$71 MILLION ARIZONA DOT PROJECT IN MESA, ARIZONA
HOUSTON, TX - January 13, 2012 - Sterling Construction
Company, Inc. (NasdaqGS: STRL), ("Sterling" or the
"Company") today announced that Ralph L. Wadsworth
("RLW") in conjunction with J. Banicki Construction, Inc.
("Banicki"), its recently acquired Arizona-based subsidiary,
was apparent low bidder on the $71 million Gateway Freeway SR
24 project in Mesa, Arizona. The Arizona DOT project consists
of freeway to freeway ramps connecting to SR 202 from about
Power Road to Elliot Road and constructing SR
24 (a new freeway) for about one mile to the southeast ending
at Ellsworth Road. The project has approximately one mile of
flyover box beam bridge and one million cubic yards of
imported fill. The project, which will begin March 2012, has
an estimated duration of 18 months.
Patrick T. Manning, Sterling's Chairman and CEO commented,
"This project represents a significant addition to backlog in
Arizona for both RLW and Banicki. RLW specializes in bridge
construction, while Banicki will focus on the underground and
earthwork."
Sterling is a leading heavy civil construction company that
specializes in the building and reconstruction of
transportation and water infrastructure in large markets in
Texas, Utah, Nevada, Arizona, California and other states
where there are construction opportunities. Its
transportation infrastructure projects include highways,
roads, bridges and light rail and its water infrastructure
projects include water, wastewater and storm drainage
systems.
This press release includes certain statements that fall
within the definition of "forward-looking
statements" under the Private Securities Litigation
Reform Act of 1995. Any such statements are subject to risks
and uncertainties, including overall economic and market
conditions, federal, state and local government funding,
competitors' and customers' actions, and weather
conditions, which could cause actual results to differ
materially from those anticipated, including those risks
identified in the Company's filings with the Securities
and Exchange Commission. Accordingly, such statements should
be considered in light of these risks. Any prediction by the
Company is only a statement of management's belief at
the time the prediction is made. There can be no assurance
that any prediction once made will continue thereafter to
reflect management's belief, and the Company does not
undertake to update publicly its predictions, whether as a
result of new information, future events or otherwise.
Contact:
Sterling Construction Company, Inc. Investor Relations
Counsel
Brian Manning, P.E. The Equity Group Inc.
EVP & Chief Business Development Officer Linda Latman
212-836-9609
Elizabeth Brumley Lena Cati 212-836-9611
EVP & CFO
281-821-9091
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Sterling Construction Company, Inc. today announced that Ralph L. Wadsworth ("RLW") in conjunction with J. Banicki Construction, Inc. ("Banicki"), its recently acquired Arizona-based subsidiary, was apparent low bidder on the $71 million Gateway Freeway SR 24 project in Mesa, Arizona.
Sterling Infrastructure, Inc. operates through a variety of subsidiaries, specializing in E-Infrastructure, Transportation and Building Solutions in the United States. Its segments include E-Infrastructure Solutions, Transportation Solutions, and Building Solutions. The E-Infrastructure Solutions segment is a provider of large-scale specialty site infrastructure improvement contracting services in the Southeastern, Northeastern and Mid-Atlantic United States. It serves large, blue-chip end users in the e-commerce, data center, distribution center, warehousing, energy sectors and more. The Transportation Solutions segment is comprised of heavy highway, aviation, and rail, and relies heavily on federal and state infrastructure spending. The principal markets of this segment are Arizona, Colorado, Hawaii, Nevada, Texas, and Utah. The Building Solutions segment is comprised of its residential and commercial businesses. It focuses on concrete construction of multifamily foundations.
Sterling Construction Company, Inc. : today announced that Ralph L. Wadsworth ("RLW") in conjunction with J. Banicki Construction, Inc. ("Banicki"), its recently acquired Arizona-based subsidiary, was apparent low bidder on the $71 million Gateway Freeway SR 24 project in Mesa, Arizona.
STERLING INFRASTRUCTURE, INC. 
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