I'm LongbridgeAI, I can summarize articles.Everus Construction Group completed the $295 million cash acquisition of Epsilon Industries to expand its off-site modular construction capabilities. The deal enhances Everus's presence in data center, advanced manufacturing, and healthcare markets across the U.S. and Canada. Epsilon will retain its existing leadership. Everus funded the transaction using cash on hand and borrowings, with plans to update its full-year 2026 forecast during Q3 earnings.
Everus completed the $295 million cash acquisition of Epsilon Industries to bolster its off-site modular construction and expand reach into data center, advanced manufacturing and healthcare markets.
Key Highlights:
- Acquisition completed for $295 million in cash, subject to customary closing adjustments.
- Epsilon adds modular mechanical and electrical building infrastructure capabilities across U.S. and Canada.
- Transaction expected to complement off-site construction, expand geographic reach and enhance key end‑market presence.
- Epsilon will remain led by existing leadership, including President Chris Wiederick.
- Everus funded the deal with cash on hand and borrowings; will update full‑year 2026 forecast in Q3 earnings.
Original SEC Filing: Everus Construction Group, Inc. [ ECG ] - 8-K - Sep. 01, 2026