MYR Group to acquire Valley Electric and Comet Electric for $328M

MYR GROUP INC.

Acquisition of Valley Holdings I (Valley Electric, Comet Electric) for ~$328M in cash, subject to net asset adjustments.
Combined average annual revenues of Valley Electric and Comet Electric exceeded $400M over the last two years.
Transaction expected to close on or about July 1, 2026, pending regulatory approvals and customary conditions.
Funding through cash on hand and borrowings under MYR's revolving credit facility.
Seller is Prospect Capital Corporation; Stifel served as exclusive financial advisor to Valley.

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