Jackson Walker represented CEC Facilities Group, LLC, a leading specialty electrical and mechanical contractor, in its $505 million sale of assets to Sterling Infrastructure, Inc. (Nasdaq: STRL). The transaction included $450 million in cash and $55 million in Sterling common stock, with an additional earn-out opportunity based on future operating income targets.
As part of the sale, CEC joins Sterling’s E-Infrastructure segment to expand its mission-critical electrical contracting, particularly in high-growth sectors such as semiconductors and data centers.
“We are honored to have assisted CEC in this transaction,” said Jackson Walker partner Larry Glasgow, who led the deal team. “This strategic transaction underscores our continued strength in advising clients on complex, high-value M&A transactions in the infrastructure and construction sectors.”
Under Larry Glasgow’s leadership, the Jackson Walker team included Corporate & Securities attorneys Mark McMullen, Richard Waggoner, Joseph Guajardo, and Noah Speck; Antitrust attorneys Ann Leafstedt and Shari Mao; Tax attorney Nathan Smithson; Real Estate attorney Erik Allison; Employee Benefits & Executive Compensation attorney Steven Day; Business Immigration & Compliance attorney Sang Shin; and Labor & Employment attorney David Schlottman.
For more information about the transaction, see CEC’s press release.
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Since Jackson Walker’s founding in 1887, our attorneys have represented some of the most influential companies and business leaders in the world. Today, we remain firmly rooted in Texas while serving clients around the globe. With more than 500 attorneys across six offices, we are the largest firm in the state and have been recognized in the prestigious Chambers USA Guide for Corporate/M&A in Texas for providing counsel on highly complex transactions ranging from millions to billions. To explore the firm’s experience in mergers, acquisitions, dispositions, joint ventures, and other strategic alliances, visit the Corporate & Securities practice page.
