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

MYR Group has entered into a definitive agreement to acquire Valley Electric and Comet Electric, electrical contracting businesses in the United States. The Valley Electric and Comet Electric acquisition expands MYR Group’s industrials M&A footprint through added electrical contracting services for commercial and industrial customers. MYR Group acquisitions in the electrical contracting market support broader project execution capabilities and strengthen local service coverage. The add on acquisition is structured as a strategic acquisition by a strategic buyer, with deal size undisclosed and closing expected subject to customary conditions.