M&A Deal Summary

MYR Group Acquires The Huen Companies

On July 3, 2018, MYR Group acquired construction company The Huen Companies

Acquisition Highlights
  • This is MYR Group’s 3rd transaction in the Construction sector.
  • This is MYR Group’s 2nd transaction in the United States.
  • This is MYR Group’s 1st transaction in Illinois.

M&A Deal Summary
Date 2018-07-03
Target The Huen Companies
Sector Construction
Buyer(s) MYR Group
Deal Type Add-on Acquisition

Target

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.

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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 3 of 4
Sector (Construction) 3 of 4
Type (Add-on Acquisition) 2 of 3
State (Illinois) 1 of 1
Country (United States) 2 of 2
Year (2018) 1 of 1
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-04 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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