March 9, 2017 / 11:46 AM / 5 months ago

BRIEF-Sterling Construction to buy Texas-based Tealstone Construction

March 9 (Reuters) - Sterling Construction Company Inc

* Sterling construction company to acquire a leading texas-based concrete construction company

* Sterling construction company inc - deal for $85 million

* Sterling construction company inc - plans to finance transaction through a combination of seller financing, common stock, and new debt

* Sterling construction company inc - signed a definitive agreement to purchase denton, tx-based tealstone construction

* Sterling construction company inc - transaction expected to be accretive to eps and generate substantial free cash flow in 2017 Source text for Eikon: Further company coverage:

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