MYRG
XNASMYR GROUP INC/DELAWARE
2 news · 90d
0 news · vs previous 7d (0.65)
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News · 2
How did the price react? →- SeekingAlpha5/27/2026, 8:39:20 PMMYR Group to buy Valley Electric, Comet Electric in $328M deal
MYR Group has announced a definitive agreement to acquire Valley Electric and Comet Electric in a deal valued at $328 million. The transaction expands MYR Group's electrical construction capabilities through two bolt-on acquisitions. No additional financial terms or closing timeline were disclosed in the headline.
- GlobalNewswire5/27/2026, 8:09:00 PMMYR Group Enters Definitive Agreement to Acquire Valley Electric and Comet Electric
MYR Group (MYRG) has entered into a definitive agreement to acquire Valley Holdings, Inc. — parent of Valley Electric Company and Comet Electric — for approximately $328 million, subject to post-closing adjustments. The deal will be funded through a combination of cash on hand and borrowings under MYR's revolving credit facility. Valley Electric is one of the largest full-service electrical contractors in the Western U.S., while Comet Electric operates as a commercial and industrial contractor in Southern California.