AcquisitionsJul 31, 2026, 08:39 AM
Everus to Acquire Epsilon Industries for $295M
AI Summary
Everus Construction Group, Inc. announced it has entered into a definitive agreement to acquire Epsilon Industries for $295 million in cash. Epsilon is a leading designer and manufacturer of complex, modular mechanical and electrical building infrastructure systems. The acquisition is expected to close in the third quarter of 2026 and will be funded through a combination of cash on hand and credit facilities. This strategic move aims to strengthen Everus' off-site modular construction capabilities, enhance geographic and market exposure, and is expected to be financially cash accretive.
Key Highlights
- Everus Construction Group to acquire Epsilon Industries for $295 million in cash.
- Epsilon Industries is a premier off-site modular construction solutions provider.
- Acquisition will be funded by cash on hand and borrowings under credit facilities.
- Transaction is expected to close in the third quarter of 2026.
- Epsilon expects to generate approximately $250 million in revenue for full year 2026.
- Epsilon's 2026 EBITDA as a percentage of revenue is expected to be in the low double digits.
- Acquisition strengthens Everus' off-site modular construction offerings and expands geographic reach.
Price Impact
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