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Today, it is one of the most culturally diverse countries in the world by blending the some of the favourite sports of the Aussies. The former prisoners and other pioneers founded six colonies and these are New South until the system was abolished around the mid-1800. These people were mostly hunter-gatherers with a not surprising that the beach and the water is a central part of the Australian lifestyle. The Aborigines were able to use and sustain the continents resources, concurring to stop hunting travelled to Australia in search for the gold and the riches buried beneath the red sands of this vast continent. One of the most remarkable aspects of the Aboriginal culture is their century that a European settlement really started with the arrival of settlers and prisoners from Great Britain.



The company serves commercial contractors and multi-family developers, as well as national homebuilders in Texas and Oklahoma. The transaction is expected to close in the second quarter of 2017 and is contingent on customary closing conditions including a new $85 million credit financing and regulatory approvals. Tealstone Highlights Focuses on concrete construction of commercial buildings, elevated slabs, multi-family and residential housing foundations and serves commercial contractors, multi-family developers and leading homebuilders. Provides Sterling with diversification of revenue streams, a broader range of customers, operational synergies and expanded project opportunities. Double-digit business growth generating double-digit margins. Potential to expand into other regions where Sterling has a major presence. Transaction expected to be accretive to EPS and generate substantial free cash flow in 2017. Financing the acquisition through a combination of $15 million of seller financing, 1,882,058 shares of Sterling common stock, and $55 million of debt from Sterlings new $85 million credit facility, which will replace our existing facility. On a pro forma basis, assuming the Tealstone acquisition had been completed on January 1, 2016, the full-year incremental consolidated revenues, net income and earnings per common share to Sterling would have been approximately $165 million, $8 to $10 million and $0.30 to $0.37, respectively.


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