MYR GROUP INC. — Form 8-K
Filed August 7, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 62/100
What the filing says
MYR Group closed acquisition of Valley Electric Company (founded 1982, Everett, WA) and Comet Electric (founded 1976, Chatsworth, CA) on July 1, 2026. Combined annual revenues exceed $400M (2024–2025), adding 900+ employees and 6 office locations across WA and CA. This expands Commercial & Industrial segment capabilities and geographic reach. Post-acquisition, company liquidity stands at $226M (down from $460M pre-deal), with total backlog of $3.16B and LTM revenue of $4.01B as of June 30, 2026.
Why this rating
~$400M in acquired annual revenue is ~10% of MYR's $4B LTM scale—meaningful but not transformational. Strategic geographic/capability expansion in strong C&I market. Debt leverage remains very low at 0.03x LTM EBITDA post-close. No integration risks disclosed; strong fundamentals and backlog support accretion.
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