Everus acquires SE&M for $158M; expands Southeast pharma/industrial reach

Everus Construction Group, Inc.

Acquired SE&M Constructors, Inc. and affiliates for $158M cash, plus potential earnout up to 8% of purchase price.
SE&M 2025 revenue $109M with EBITDA margin in high teens; capital spending less than 1% of revenue.
Over 200 skilled craft laborers; ~65% revenue from mechanical services; 60% from pharma/healthcare.
Deal funded from cash on hand; pro forma net leverage 0.8x, preserving balance sheet flexibility.
SE&M CEO Zack Bynum and leadership team remain; deal effective April 2, 2026.

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