MYR Group to acquire Valley Electric and Comet Electric for $328M
MYR Group Inc. (NASDAQ:MYRG) has agreed to acquire all outstanding capital stock of Valley Holdings Inc and its subsidiaries, including Valley Electric Company and Comet Electric, for approximately $328 million, expanding the specialty contractor's footprint in the Western US and Southern California. The Thornton, Colorado-based electric utility infrastructure and commercial construction contractor will fund the purchase through a combination of cash on hand and borrowings under its revolving credit facility, with the consideration subject to net asset and other post-closing purchase price adjustments.
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MYR Group Inc. (MYRG) Q1 2026 Earnings Call Transcript
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Here is how MYR Group (MYRG) and NiSource (NI) have performed compared to their sector so far this year.
MYR Group, Inc. (MYRG) Hits Fresh High: Is There Still Room to Run?
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