Valley Electric and Comet Electric Acquired by MYR Group | Industrials M&A Deal

MYR Group has acquired Valley Electric and Comet Electric, a electrical contracting business in the U.S., for $549.5 million. Valley Electric and Comet Electric provide electrical contracting services for industrial and commercial customers, supporting power distribution, lighting, and related electrical installation work. MYR Group acquisitions in electrical contracting expand field capacity and customer coverage across key operating markets, strengthening industrials M&A execution. The platform acquisition is announced and structured as a strategic acquisition by MYR Group, with deal value cited at $549.5 million and other reported figures including $328.0 million and $400 million.