Announced
Completed
Financials
Sources
Tags
Single Bidder
Energy / Utility Services
Majority
electrical distribution
Domestic
Friendly
Canada
Private
Acquisition
Completed
Synopsis
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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