secwatch.observer — SEC 8-K summary
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Issuer:     MYR GROUP INC. (MYRG)
CIK:        0000700923
Form:       8-K
Filed at:   2026-05-27T20:03:04+00:00
Accession:  0000700923-26-000033
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/700923/000070092326000033/0000700923-26-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/700923/000070092326000033/myrg-20260527.htm
  HTML page:      https://secwatch.observer/filing/0000700923-26-000033

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