M&A Deal Summary

MYR Group Acquires E.S. Boulos Company

On April 13, 2015, MYR Group acquired construction company E.S. Boulos Company from Eversource Energy for 11M USD

Acquisition Highlights
  • This is MYR Group’s 1st transaction in the Construction sector.
  • This is MYR Group’s 2nd largest (disclosed) transaction.
  • This is MYR Group’s 1st transaction in the United States.
  • This is MYR Group’s 1st transaction in Maine.

M&A Deal Summary
Date 2015-04-13
Target E.S. Boulos Company
Sector Construction
Buyer(s) MYR Group
Sellers(s) Eversource Energy
Deal Type Divestiture
Deal Value 11M USD

Target

E.S. Boulos Company

Westbrook, Maine, United States
E.S. Boulos Company, Inc. is a provider of construction capabilities for the electric utility sector, including substation, transmission and distribution construction.

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Buyer(S) 1

Buyer

MYR Group

Thornton, Colorado, United States
Category Company
Founded 1891
Sector Engineering
Employees9,000
Revenue 3.6B USD (2023)
DESCRIPTION

MYR Group is a specialty contractor serving the electrical infrastructure market and has the experience and expertise to complete electrical installations of any type and size. MYR Group's comprehensive services on electric transmission and distribution networks and substation facilities include design, engineering, procurement, construction, upgrade, maintenance and repair services. MYR Group was founded in 1891 and is based in Thornton, Colorado.

DEAL STATS #
Overall 1 of 4
Sector (Construction) 1 of 4
Type (Divestiture) 1 of 1
State (Maine) 1 of 1
Country (United States) 1 of 2
Year (2015) 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-31 Western Pacific Enterprises GP

Coquitlam, British Columbia, Canada

Western Pacific Enterprises GP is an electrical contractors, providing commercial, industrial, and utility construction and maintenance services throughout western Canada.

Buy CA$16M

Seller(S) 1

SELLER

Eversource Energy

Springfield, Massachusetts, United States
Category Company
Sector Utilities
Employees10,000
Revenue 11.9B USD (2023)
DESCRIPTION

Eversource Energy operates new england's utility system serving more than 3.6 million electric and natural gas customers in Connecticut, Massachusetts and New Hampshire. Eversource Energy is headquartered in Springfield, Massachusetts.

DEAL STATS #
Overall 1 of 3
Sector (Construction) 1 of 1
Type (Divestiture) 1 of 3
State (Maine) 1 of 1
Country (United States) 1 of 3
Year (2015) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-10 NSTAR

Westwood,, Massachusetts, United States

NSTAR LLC, engages in sale, distribution, and transmission of electricity and natural gas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Ørsted - South Fork Revolution Wind and two New England offshore wind lease areas

Massachusetts, United States

Ørsted - South Fork, Revolution Wind, and two New England offshore wind lease areas include the following New England offshore wind projects: Revolution Wind (704MW) which will deliver power to Rhode Island (400MW) and Connecticut (304MW). The Revolution Wind lease area is located approx. 15 miles south of the Rhode Island coast. South Fork (approx 130MW): Located 35 miles east of Long Island, South Fork will interconnect into eastern Long Island where it will deliver power to households under a long-term power purchase agreement with the Long Island Power Authority. Two undeveloped New England lease areas, Massachusetts North and Massachusetts South, which can potentially be developed into significantly above 1GW offshore wind capacity.

Buy -
Mergr

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