Add-on Acquisition • Construction

MYR Group Acquires Powerline Plus

On January 4, 2022, MYR Group acquired construction company Powerline Plus

Acquisition Context

This is MYR Group’s 4th transaction in the Construction sector.
This is MYR Group’s 2nd transaction in Canada.
This is MYR Group’s 1st transaction in Ontario.

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M&A Deal Summary
Date	January 4, 2022
Target	Powerline Plus
Sector	Construction
Buyer(s)	MYR Group
Deal Type	Add-on Acquisition

Target Company

Powerline Plus

Toronto, Ontario, Canada

The Powerline Plus Companies together comprise a full-service electrical distribution construction company headquartered in Toronto, Ontario. The scope of their operations has broadened accordingly, and encompasses engineering and design, civil, electrical and distributed generation and other services. The Powerline Plus Companies provide innovative, reliable, and cost-effective solutions, tailored to customer budgets, timelines, and environmental pressures.

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Buyer Overview 1

Buyer

MYR Group

Thornton, Colorado, United States

Category	Company
Founded	1891
Sector	Construction
Employees	8,500
Revenue	3.4B USD (2024)

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 Context for Buyer	#
Overall	4 of 4
Sector: Construction	4 of 4
Type: Add-on Acquisition	3 of 3
State: Ontario	1 of 1
Country: Canada	2 of 2
Year: 2022	1 of 1

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2018-07-03	The Huen Companies Broadview, Illinois, United States The Huen Companies is an electrical construction firm comprises of Huen Electric, Inc., Huen Electric New Jersey Inc. and Huen New York, Inc. The Huen Companies also provides preconstruction services, prefabrication, telecommunications, design-build/design-assist and integrated project delivery methodologies.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2018-07-03

The Huen Companies

Broadview, Illinois, United States

The Huen Companies is an electrical construction firm comprises of Huen Electric, Inc., Huen Electric New Jersey Inc. and Huen New York, Inc. The Huen Companies also provides preconstruction services, prefabrication, telecommunications, design-build/design-assist and integrated project delivery methodologies.

Buy

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