Sterling Construction Company, Inc. Awarded $30 Million Colorado Springs Utilities Water Treatment Facility Project

THE WOODLANDS, Texas–(BUSINESS WIRE)–Sterling Construction Company, Inc. (NasdaqGS:STRL) (“Sterling” or the
"Company”) today announced that Myers & Sons Construction LLC, a
consolidated affiliate, is the apparent low bidder on a $30 million
Colorado Springs Utilities water treatment facility project in Colorado
Springs, Colorado. The project consists of an upgrade to the 43 million
gallons per day Mesa Water Treatment Plant, and involves the
construction of new pretreatment and chemical injection facilities
designed to maintain the plant’s capacity and enable it to accept
increased amounts of local water in the future. The project is scheduled
to start in April of this year and is expected to be completed in May of
2020.

Joe Cutillo, Sterling’s CEO, commented, “Water treatment opportunities
are an important element to our strategy to expand into adjacent markets
across all of our geographies. Our previous success and capabilities
developed on water treatment projects in California should translate
well to our upgrade of the Mesa Water Treatment Plant, which is an
important component of the water treatment infrastructure of Colorado
Springs. We view this project as an excellent platform from which to
grow our water treatment construction operations across the rapidly
growing population centers along the Front Range of Colorado.”

Sterling is a construction company that specializes in heavy civil
construction and residential concrete projects primarily in Arizona,
California, Colorado, Hawaii, Nevada, Texas, Utah and other states in
which there are feasible construction opportunities. Our heavy civil
construction projects include highways, roads, bridges, airfields,
ports, light rail, water, wastewater and storm drainage systems,
foundations for multi-family homes, commercial concrete projects and
parking structures. Our residential construction projects include
concrete foundations for single-family homes.

This press release includes certain statements that fall within the
definition of “forward-looking statements” under the Private Securities
Litigation Reform Act of 1995. Any such statements are subject to risks
and uncertainties, including overall economic and market conditions,
federal, state and local government funding, competitors’ and customers’
actions, and weather conditions, which could cause actual results to
differ materially from those anticipated, including those risks
identified in the Company’s filings with the Securities and Exchange
Commission. Accordingly, such statements should be considered in light
of these risks. Any prediction by the Company is only a statement of
management’s belief at the time the prediction is made. There can be no
assurance that any prediction once made will continue thereafter to
reflect management’s belief, and the Company does not undertake to
update publicly its predictions or to make voluntary additional
disclosures of nonpublic information, whether as a result of new
information, future events or otherwise.

Contacts

Sterling Construction Company, Inc.
Jennifer Maxwell, 281-951-3560
Director
of Investor Relations
or
Investor Relations Counsel:
The
Equity Group Inc.
Fred Buonocore, CFA, 212-836-9607
Kevin
Towle, 212-836-9620