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MYR Group acquires Powerline Plus

DCN-JOC News Services
MYR Group acquires Powerline Plus

HENDERSON, COLO.—MYR Group Inc. has announced that its Canadian subsidiary, MYR Group Construction Canada, Ltd. has acquired all issued shares of capital stock of Powerline Plus Ltd.

MYR Group is a holding company of specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets in the United States and Canada.

Over the last two years, the combined average annual revenues of the Powerline Plus Companies were approximately $80 million, a recent release stated.

The Powerline Plus Companies will become MYR Group subsidiaries and will primarily operate as Powerline Plus.

“The addition of the Powerline Plus Companies to MYR Group continues to strengthen our transmission and distribution segment service offerings and geographic reach, while expanding our market position as we continue to provide additional services to both new and existing customers,” said MYR Group CEO Rick Swartz in a statement. “The Powerline Plus Companies bring a high-quality workforce and strong management team with decades of experience, who share our culture, values and commitment to delivering superior service to our customers through operational excellence.”

 

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