Sterling Infrastructure Set to Join S&P SmallCap 600

Rhea-AI Summary

Patterson Companies (PDCO) is set to be removed from the S&P SmallCap 600 index as Patient Square Capital is finalizing its acquisition of the company. The change will take effect prior to market opening on April 17, 2025.

Sterling Infrastructure (STRL) will replace Patterson Companies in the index. The modification reflects the pending completion of Patterson Companies' acquisition, subject to final closing conditions.

Positive

• Acquisition by Patient Square Capital indicates premium value for shareholders

Negative

• Delisting from S&P SmallCap 600 index may impact stock liquidity
• Loss of index-based institutional investment following removal from the index

NEW YORK, April 14, 2025 /PRNewswire/ -- Sterling Infrastructure Inc. (NASD: STRL) will replace Patterson Companies Inc. (NASD: PDCO) in the S&P SmallCap 600 effective prior to the opening of trading on Thursday, April 17. Patient Square Capital is acquiring Patterson Companies in a deal expected to be completed soon, pending final closing conditions.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date	Index Name		Action	Company Name	Ticker	GICS Sector
April 17, 2025	S&P SmallCap 600	Addition		Sterling Infrastructure	STRL	Industrials
April 17, 2025	S&P SmallCap 600	Deletion		Patterson Companies	PDCO	Health Care

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View original content:https://www.prnewswire.com/news-releases/sterling-infrastructure-set-to-join-sp-smallcap-600-302428171.html

SOURCE S&P Dow Jones Indices

FAQ

When will Patterson Companies (PDCO) be removed from the S&P SmallCap 600 index?

Patterson Companies will be removed from the S&P SmallCap 600 index prior to market opening on April 17, 2025.

Which company is acquiring Patterson Companies (PDCO)?

Patient Square Capital is acquiring Patterson Companies (PDCO).

What company will replace PDCO in the S&P SmallCap 600?

Sterling Infrastructure (STRL) will replace Patterson Companies (PDCO) in the S&P SmallCap 600 index.

What sector does Patterson Companies (PDCO) belong to in the S&P SmallCap 600?

Patterson Companies (PDCO) belongs to the Health Care sector in the S&P SmallCap 600 index.