CEC Facilities is proud to be recognized on Engineering News-Record’s (ENR) 2025 Top 50 Electrical Contractors list.

CEC Facilities, LLC (“CEC”), a leading specialty electrical and mechanical contractor headquartered in Irving, Texas, is proud to announce that it has officially joined Sterling Infrastructure, Inc. (NasdaqGS: STRL) (“Sterling”).

CEC will join Sterling’s E-Infrastructure Solutions segment and is estimated to generate the following financial contributions in the remainder of calendar year 2025:

• Revenue of approximately $130 to $138 million
• Adjusted diluted earnings per share of approximately $0.22 to $0.24
• Adjusted EBITDA of approximately $17 to $18 million
• These figures include assumptions for the impact of lower interest income related to the cash portion of the purchase price, an estimated 26% tax rate, and exclude the impact of purchase-accounting related adjustments such as amortization of intangibles and depreciation of fixed assets.

“We are excited to officially welcome CEC into the Sterling family,” said Joe Cutillo, Chief Executive Officer of Sterling. “This acquisition is a milestone in our growth strategy, significantly expanding our E-Infrastructure capabilities and enabling us to deliver faster, more efficient project solutions. By combining our strengths, we are poised to offer even greater value to our customers and drive innovation across the industry. We look forward to the opportunities ahead and the positive impact we will make together in the years to come,” Mr.Cutillo concluded.

As part of Sterling’s E-Infrastructure Solutions segment, CEC will continue to provide advanced electrical and mechanical services for mission-critical projects, including data centers, semiconductor facilities, manufacturing, and large-scale infrastructure.

About CEC Facilities Group
CEC Facilities Group, LLC is a specialty contractor delivering electrical, mechanical, technology, and infrastructure solutions for some of the nation’s most demanding projects. Headquartered in Irving, Texas, CEC is recognized for its expertise in mission-critical environments and commitment to quality, safety, and innovation.

About Sterling Infrastructure, Inc.
Sterling operates through subsidiaries within three segments specializing in E-Infrastructure, Transportation, and Building Solutions in the United States, primarily across the Southern, Northeastern, Mid-Atlantic and Rocky Mountain regions and the Pacific Islands. From strategy to operations, Sterling is committed to sustainability by operating responsibly to safeguard and improve society’s quality of life.

Joe Cutillo, CEO, stated, “We build and service the infrastructure that enables our economy to run, our people to move, and our country to grow.”

CEC is proud to announce the official grand opening of its new Integrated Modular Solutions (IMS) facility, located at 2450 Valley View Lane, Irving, TX 75062. This milestone marks a major step forward in the company’s commitment to innovation, collaboration, and excellence in off-site construction.

The IMS facility is more than just a physical space—it represents a strategic investment in CEC’s future. By centralizing key teams from across departments under one roof, the new location fosters stronger collaboration, streamlines workflows, and enhances the company’s ability to deliver high-quality modular solutions across a wide range of projects.

“We designed this space with purpose,” said [Kyle Olson, Director, Integrated Modular Solutions]. “It’s a place where innovation and execution meet. With the added efficiency and flexibility this facility provides, we’re better equipped than ever to exceed client expectations and stay ahead of the curve in the construction industry.”

The IMS facility supports a growing portfolio of modular and off-site construction capabilities, empowering CEC to accelerate project timelines, maintain high standards of quality, and adapt to evolving industry demands.

CEC extends its gratitude to the teams, partners, and individuals who helped bring this vision to life. The momentum is just beginning, and the company looks forward to what’s next as it continues building smarter, faster, and together.

The grand opening celebration was held on June 5th at 3731 E Grove St., where members of the community, local businesses, and industry partners gathered to tour the facility, meet the CEC team, and learn more about the company’s capabilities.

With over 16 years of experience, CEC delivers integrated electrical, mechanical, and technology systems across complex, high-performance environments. The new Phoenix office strengthens CEC’s ability to provide responsive, scalable solutions for digital infrastructure, commercial, and industrial projects throughout Arizona and the broader Southwest region.

“Our expansion into Phoenix reflects our ongoing investment in key growth markets,” said Brad Smith, President and Chief Revenue Officer of CEC Facilities Group. “We’re excited to partner with local businesses and communities as we bring our expertise and long-standing commitment to quality and safety to this dynamic region.”

The celebration included a ribbon-cutting ceremony led by The Greater Phoenix Chamber, opportunities to connect with industry professionals, and an inside look at CEC’s fully integrated approach to construction, technology, and facilities delivery.

An independent panel of judges selected Ray Waddell among the CEOs and founders representing 42 companies for their entrepreneurial spirit, purpose, growth, and lasting impact in building long-term value.

“CEC was born from a desire to build something bigger than myself, a 100-year company that would continue to serve others long after I’m gone. Leadership has always been part of who I am, first on the court as a point guard, then in business,” said Waddell. “Being named a finalist is a tremendous honor. We’ve created a company grounded in integrity, and I hope CEC continues building a legacy that supports families, develops leaders, and endures for generations to come.”

CEC Facilities Group is one of the fastest-growing industrial services companies in the region, built on grit, innovation, and a drive to do things differently. From powering mission-critical data centers to shaping the future of healthcare and commercial infrastructure, CEC tackles complex work across electrical, mechanical, prefabrication, and design-build services with quality and scale that speak for themselves. In response to the growing skilled labor shortage across the trades, CEC launched CEC University—a hands-on training and development program designed to grow talent from within. It’s more than workforce development, it’s a long-term investment in people, careers, and the future of the industry. By building its own talent pipeline, CEC is taking control of its growth trajectory while creating opportunity for the next generation of skilled professionals.

Entrepreneur Of The Year honors business leaders for their ingenuity, courage, and entrepreneurial spirit. The program celebrates original founders who bootstrapped their business from inception or who raised outside capital to grow their company; transformational CEOs who infused innovation into an existing organization to catapult its trajectory; and multigenerational family business leaders who reimagined a legacy business model to strengthen it for the future.

Regional award winners will be announced on June 21^st during a special celebration in Dallas and will become lifetime members of an esteemed community of Entrepreneur Of The Year alumni from around the world. The National judges will then consider the winners for the Entrepreneur Of The Year National Awards, which will be presented in November at the annual Strategic Growth Forum^®, one of the nation’s most prestigious gatherings of high-growth, market-leading companies.

Sponsors

Founded and produced by Ernst & Young LLP, the Entrepreneur Of The Year Awards include presenting sponsors PNC Bank, Cresa, LLC, Marsh USA and SAP. In the Southwest, sponsors also include Platinum sponsors BGSF and Haynes and Boone and Silver sponsors Big Picture, EOS Worldwide, Pierpont Communications, and The Slate.

About Entrepreneur Of The Year
Founded in 1986, Entrepreneur Of The Year has celebrated more than 11,000 ambitious visionaries who are leading successful, dynamic businesses in the US, and it has since expanded to nearly 60 countries globally.

The US program consists of 17 regional programs whose panels of independent judges select the regional award winners every June. Those winners compete for national recognition at the Strategic Growth Forum^® in November where National finalists and award winners are announced. The overall National winner represents the US at the EY World Entrepreneur Of The Year™ competition. Visit ey.com/us/eoy.

About EY

EY is building a better working world by creating new value for clients, people, society and the planet, while building trust in capital markets.

Enabled by data, AI and advanced technology, EY teams help clients shape the future with confidence and develop answers for the most pressing issues of today and tomorrow.

EY teams work across a full spectrum of services in assurance, consulting, tax, strategy, and transactions. Fueled by sector insights, a globally connected, multi-disciplinary network, and diverse ecosystem partners, EY teams can provide services in more than 150 countries and territories.

All in to shape the future with confidence.

EY refers to the global organization, and may refer to one or more of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ey.com.

For media inquiries, please contact:
Brianna Vallelong, Account Supervisor
Brianna@thepowergroup.com

Mary Tolan, Account Executive
Mary@thepowergroup.com

Daniel Williams (left) and Ray Waddell (right)

“Today marks an exciting chapter in CEC’s journey,” said Waddell. “We’ve grown rapidly over our fifteen-year history while maintaining our commitment to delivering exceptional service and innovative solutions across various markets. As we expand nationally, we remain dedicated to upholding the culture that defines our success. I am proud of what we’ve achieved and am confident that Daniel Williams will lead CEC to new heights. His leadership, experience, and strategic insights have been invaluable to me and CEC, and I look forward to working closely with him as we execute our vision.”

Williams, a member of CEC’s advisory board, brings over a decade of leadership experience as the former CEO of a leading oilfield services company, where he drove significant growth and transformation. His expertise in managing multi-region operations and mission-critical services aligns closely with CEC’s strategic goals. In addition to his operational experience, Williams spent his early career as a private equity investor and investment banker. His background in deal structuring and mergers and acquisitions will be instrumental in executing CEC’s strategy of targeted acquisitions.

“I’m honored and excited to lead CEC during such a pivotal time in its evolution,” said Williams. “CEC’s reputation for delivering high-quality, innovative services has positioned the company as a leader in the industry. I look forward to working with our talented team to continue driving growth, expanding into new markets, and building on the strong foundation that Ray and the team have created.”

Williams holds a BBA in Finance from Southern Methodist University and an MBA from Columbia Business School.

Source: www.prnewswire.com