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Announced

MYR Group acquires CSI Electrical Contractors for $80m.

Synopsis

MYR Group, a national electrical contractor specializing in transmission and distribution, has acquired all the assets of CSI Electrical Contractors substantially. CSI is a leading full-service electrical contractor. The transaction closed was valued at approximately $80m. There could be contingent payments based on the successful achievement of certain performance targets. CSI will operate as CSI Electrical Contractors, Inc. as one of MYR Group’s subsidiaries. “CSI brings a high-quality workforce and strong management team with decades of experience, who share our culture, values and commitment to delivering superior service to our customers through operational excellence. We are most impressed by CSI’s reputation in the clean energy market and provided the opportunity to leverage this strength across a wider footprint." Rick Swartz President and CEO of MYR Group.

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