Acquiring Company
MYR Group
Acquired Company
the Powerline Plus Companies
ThorntonConstructionBuilding MaintenanceManufacturingMedia And EntertainmentDescription
MYR Group Inc. (“MYR” or “MYR Group”) (NASDAQ: MYRG), a holding company of leading specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets in the United States and Canada, announced that its Canadian subsidiary, MYR Group Construction Canada, Ltd. has acquired all issued and outstanding shares of capital stock of Powerline Plus Ltd. and its affiliate (collectively, the “Powerline Plus Companies”). The Powerline Plus Companies together comprise a leading full-service electrical distribution construction company, founded in 1990 and headquartered in Toronto, Ontario. Over the last two years, the combined average annual revenues of the Powerline Plus Companies were approximately $80 million.
Quick answer
MYR Group is acquiring the Powerline Plus Companies, announced January 4, 2022. MYR Group is based in Thornton, Colorado, United States.
- How much did MYR Group pay for the Powerline Plus Companies?
- The deal value was not disclosed.
- What does MYR Group do?
- MYR Group is a holding company of leading specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets throughout the United States and Canada who have the experience..
- Where are MYR Group and the Powerline Plus Companies based?
- MYR Group is based in Thornton, Colorado, United States.
Source: Fundz verified event record.
Other recent acquisitions in Construction and Building Maintenance
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Johnson Controls Acquires Foghorn, Expanding Leadership In Smart And Autonomous Buildings (January 12, 2022)
- Access Control Systems (Acs) Acquires Access Control Technologies (Act) (January 11, 2022)
- Oldcastle Apg Acquires Recycling And Mulch Operations Of South Jersey Agriculture Products (December 29, 2021)
- Celanese To Acquire Majority Of Dupont’S Mobility & Materials Business (February 18, 2022)
- Core Industrial Partners Portfolio Company Cgi Automated Manufacturing Acquires Haven Manufacturing (February 17, 2022)
- Emcore Announces Definitive Agreement To Acquire The L3Harris Space And Navigation Business (February 15, 2022)
Who to call at MYR Group, and when
When MYR Group changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day MYR Group raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at MYR Group, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at MYR Group. With Fundz connected, it knows.
AI made execution free. Knowing first is the whole game now.
Fundz sees it the moment MYR Group makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Frequently asked
Who acquired the Powerline Plus Companies?
the Powerline Plus Companies was acquired by MYR Group, based in Thornton. The deal was reported on January 4, 2022. MYR Group is publicly traded (MYRG) and operates in Construction.
When did MYR Group acquire the Powerline Plus Companies?
MYR Group's acquisition of the Powerline Plus Companies was reported on January 4, 2022. MYR Group Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does the Powerline Plus Companies do?
The Powerline Plus Companies together comprise a full-service electrical distribution construction company headquartered in Toronto, Ontario. It is privately held, operating in Manufacturing.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
5 screens from a live account. No signup.