Sterling Construction Company, Inc. was founded in 1991 as a Delaware corporation.
Our principal executive offices are located at 1800 Hughes Landing Boulevard,
Suite 250, The Woodlands, Texas 77380, and our telephone number at this address
is (281) 214-0800. Our construction business was founded in 1955 by a predecessor
company in Michigan and is now conducted through our subsidiaries which primarily
include: Texas Sterling Construction Co., a Delaware corporation, or “TSC”;
Road and Highway Builders, LLC, a Nevada limited liability company, or “RHB”;
Road and Highway Builders of California, Inc., a California corporation, or
“RHBCa”; Ralph L. Wadsworth Construction Company, LLC, a Utah limited
liability company, or “RLW”; J. Banicki Construction, Inc., an Arizona
corporation, or “JBC”; and Myers & Sons Construction, L.P.,
a California limited partnership, or “Myers”. The terms “Company,”
“Sterling,” and “we” refer to Sterling Construction
Company, Inc. and its subsidiaries except when it is clear that those terms
mean only the parent company or a particular subsidiary.
Sterling is a leading heavy civil construction company that specializes in the
building and reconstruction of transportation and water infrastructure projects
in Texas, Utah, Nevada, Colorado, Arizona, California, Hawaii and other states
in which there are construction opportunities. Its transportation infrastructure
projects include highways, roads, bridges, airfields, ports and light rail.
Its water infrastructure projects include water, wastewater and storm drainage
systems.
terms of the services we provide, our base of customers and the geographic
areas in which we operate, we have concluded that our operations consist of
one reportable segment, one operating segment and one reporting unit component,
which is heavy civil construction. In making this determination, the Company
considered the discrete financial information used by our Chief Operating Decision
Maker (“CODM”). Based on this approach, the Company noted that the
CODM organizes, evaluates and manages the financial information around each
heavy civil construction project when making operating decisions and assessing
the Company’s overall performance. Furthermore, we considered that each
heavy civil construction project has similar characteristics, includes similar
services, has similar types of customers and is subject to similar economic
and regulatory environments.