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New Deal


Announced

Completed

MYR Group completed the acquisition of Powerline Plus Companies.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Energy / Utility Services

Majority

electrical distribution

Domestic

Friendly

Canada

Private

Acquisition

Completed

Synopsis

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MYR Group, a specialty contractor serving the electric utility infrastructure, completed the acquisition of Powerline Plus Companies, a full-service electrical distribution construction company. Financial terms were not disclosed. “The addition of the Powerline Plus Companies to MYR Group continues to strengthen our Transmission & Distribution segment service offerings and geographic reach, while expanding our market position as we continue to provide additional services to both new and existing customers," Rick Swartz, MYR Group President and CEO.

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