Everus Completes $295M Acquisition of Epsilon Industries

M&A · PartnershipEarnings
โดย Insider Monkey·US·Read original
Summary · why it matters

Everus Construction Group has completed its $295 million cash acquisition of Epsilon Industries, a maker of prefabricated mechanical and electrical systems, as part of its strategy to expand in modular construction. The deal, first disclosed on July 31, closed on September 1 and follows a quarter where Everus's revenue jumped 33.7% to $1.23 billion and diluted earnings per share rose 59.2% to $1.64. Backlog reached $4.55 billion, up 41% from the end of 2025, with the electrical and mechanical segment contributing $4.16 billion of that total. Everus funded the purchase with cash and new borrowings, marking its second acquisition this year after buying SE&M Constructors in the second quarter. Management raised full-year guidance to $4.5 billion to $4.7 billion in revenue and $410 million to $425 million in EBITDA, but the financial impact of Epsilon will not be detailed until third-quarter earnings.

Impact on stocks 1

Energy Transition & Power Demand▲ · 1 stocks
Everus Construction Group Inc
ECG
▲ PositiveCapitalrelevance

Everus completed its $295M cash acquisition of Epsilon Industries, funded with cash and new borrowings, as part of its modular construction expansion strategy.

Off-coverage companies 1

Epsilon IndustriesPrivate▲ Positive
Capitalrelevance

Epsilon Industries was acquired by Everus for $295 million in cash, providing an exit/liquidity event for the private company.

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