MYR GROUP INC. 8-K

What Happened

• On May 27, 2026, MYR Group Inc. announced it entered into an agreement to acquire all issued and outstanding shares of Valley Holdings I, Inc. and its subsidiaries (collectively, “Valley”), a full-service electrical contractor based in Everett, Washington.
• The purchase consideration is approximately $328.0 million, subject to net asset and other post-closing purchase price adjustments. The transaction is subject to regulatory approval and customary closing conditions. MYR expects to fund the acquisition with cash on hand and borrowings under its revolving credit facility.
• MYR issued a press release (filed as Exhibit 99.1) and provided Reg FD disclosure; the filing also includes the company’s standard forward-looking statements caution.

Key Details

• Agreement date: May 27, 2026.
• Estimated purchase price: ~$328.0 million (subject to net asset and post-closing adjustments).
• Funding: combination of cash on hand and borrowings under MYR’s revolving credit facility.
• Additional terms: contingent consideration and contingent compensation for key Valley executives may be payable based on performance targets and continued employment.

Why It Matters

• The deal brings a full-service electrical contractor in Everett, WA into MYR’s businesses, which may affect MYR’s geographic presence and service mix in the Pacific Northwest.
• Financially, the announced consideration and possible contingent payments represent cash and credit commitments that could affect MYR’s liquidity and leverage until the transaction is completed and any earnouts are settled.
• Investors should watch for regulatory approval, final purchase price adjustments after closing, the timing of any contingent payments, and any subsequent disclosure about integration impacts or changes to MYR’s financial guidance.