Sterling Construction Company, Inc. Awarded $30 Million Colorado Springs Utilities Water Treatment Facility Project
March 27 2018 - 4:05PM
Business Wire
Sterling Construction Company, Inc. (NasdaqGS:STRL) (“Sterling”
or the "Company”) today announced that Myers & Sons
Construction LLC, a consolidated affiliate, is the apparent low
bidder on a $30 million Colorado Springs Utilities water treatment
facility project in Colorado Springs, Colorado. The project
consists of an upgrade to the 43 million gallons per day Mesa Water
Treatment Plant, and involves the construction of new pretreatment
and chemical injection facilities designed to maintain the plant’s
capacity and enable it to accept increased amounts of local water
in the future. The project is scheduled to start in April of this
year and is expected to be completed in May of 2020.
Joe Cutillo, Sterling’s CEO, commented, “Water treatment
opportunities are an important element to our strategy to expand
into adjacent markets across all of our geographies. Our previous
success and capabilities developed on water treatment projects in
California should translate well to our upgrade of the Mesa Water
Treatment Plant, which is an important component of the water
treatment infrastructure of Colorado Springs. We view this project
as an excellent platform from which to grow our water treatment
construction operations across the rapidly growing population
centers along the Front Range of Colorado.”
Sterling is a construction company that specializes in heavy
civil construction and residential concrete projects primarily in
Arizona, California, Colorado, Hawaii, Nevada, Texas, Utah and
other states in which there are feasible construction
opportunities. Our heavy civil construction projects include
highways, roads, bridges, airfields, ports, light rail, water,
wastewater and storm drainage systems, foundations for multi-family
homes, commercial concrete projects and parking structures. Our
residential construction projects include concrete foundations for
single-family homes.
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 or to make voluntary additional
disclosures of nonpublic information, whether as a result of new
information, future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20180327006222/en/
Sterling Construction Company, Inc.Jennifer Maxwell,
281-951-3560Director of Investor RelationsorInvestor Relations
Counsel:The Equity Group Inc.Fred Buonocore, CFA,
212-836-9607Kevin Towle, 212-836-9620
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