{"schema_version":"secwatch.filing_event.v1","accession":"0002015845-26-000023","form_type":"8-K","ticker":"ECG","cik":"0002015845","company_name":"Everus Construction Group, Inc.","filed_at":"2026-04-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:33.386264+00:00","generated_at":"2026-05-15T07:53:24.190333+00:00","sec_items":["7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Everus acquires SE&M for $158M; expands Southeast pharma/industrial reach","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0002015845-26-000023","json":"https://secwatch.observer/filing/0002015845-26-000023.json","markdown":"https://secwatch.observer/filing/0002015845-26-000023.md","text":"https://secwatch.observer/filing/0002015845-26-000023.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2015845/000201584526000023/0002015845-26-000023-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2015845/000201584526000023/ecg-20260401.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T07:53:24.190333+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}