secwatch.observer — SEC 8-K summary
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Issuer:     Everus Construction Group, Inc. (ECG)
CIK:        0002015845
Form:       8-K
Filed at:   2026-04-02T23:59:59+00:00
Accession:  0002015845-26-000023
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2015845/000201584526000023/0002015845-26-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2015845/000201584526000023/ecg-20260401.htm
  HTML page:      https://secwatch.observer/filing/0002015845-26-000023

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer