WilmerHale Represents Petillo in Acquisition by Sterling Construction Company

WilmerHale Represents Petillo in Acquisition by Sterling Construction Company

Client News

Related Solutions

WilmerHale lawyers have decades of experience advising public and private companies in all aspects of mergers and acquisitions.
Lawyers with deep and broad experience counseling clients in every industry on the design, implementation, and interpretation of executive compensation arrangements and on general compensation and benefits issues.
A deep and diverse practice focused on maximizing tax efficiencies and minimizing tax risks for clients nationally and internationally.

WilmerHale advised Petillo Incorporated, a leading specialty site development solution provider in the Northeast and Mid-Atlantic, in its acquisition by Sterling Construction Company, a market-leading infrastructure services provider of E-infrastructure Solutions, Building Solutions and Transportations.

Founded in 1994 by owner and CEO Michael Petillo, Petillo has seen compound revenue growth from 2017 to 2021 of 29% through continued expansion of its geographic footprint, customer base and service offerings. Petillo’s 2021 revenues and income from operations are expected to be approximately $212 million and $29 million, respectively.  The aggregate consideration of $195 million paid on the closing date included $175 million of cash and 759,447 shares of Sterling common shares valued at $20 million. Working together, Sterling Construction and Petillo will create one of the largest specialty site development companies in the U.S.

The WilmerHale team representing Petillo was led by David Haber and included Tal Hacohen, Matthew Engellenner, Michelle Sidle, Bill Caporizzo, Gavin Tullis, Hartmut Schneider, Carla Gilbertson, Amy Null, Laura Schneider and Cindy Sullivan.

Notice

Unless you are an existing client, before communicating with WilmerHale by e-mail (or otherwise), please read the Disclaimer referenced by this link.(The Disclaimer is also accessible from the opening of this website). As noted therein, until you have received from us a written statement that we represent you in a particular manner (an "engagement letter") you should not send to us any confidential information about any such matter. After we have undertaken representation of you concerning a matter, you will be our client, and we may thereafter exchange confidential information freely.

Thank you for your interest in WilmerHale.

I Accept Cancel