WilmerHale Represents Petillo in Acquisition by Sterling Construction Company

WilmerHale Represents Petillo in Acquisition by Sterling Construction Company

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WilmerHale lawyers have decades of experience advising public and private companies in all aspects of mergers and acquisitions.
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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.

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