Everus completes $295M Epsilon Industries deal
Everus plans to update its full-year 2026 financial forecast to reflect Epsilon’s impact when it reports third-quarter earnings.
Sentiment and the balance of points
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Form Type
8-K
Rhea-AI Filing Summary
Everus Construction Group, Inc. (ECG) announced that it has completed the acquisition of Epsilon Industries, a designer and manufacturer of complex modular mechanical and electrical building infrastructure systems, on September 1, 2026.
The transaction value is $295 million in cash, subject to customary closing adjustments. Epsilon operates multiple off-site modular construction facilities across the U.S. and Canada with nationwide distribution. Everus states that it expects the acquisition to complement its off-site construction capabilities, expand its geographic reach and strengthen its position in key end markets such as data centers, advanced manufacturing and healthcare.
Epsilon will continue under the leadership of key existing executives, including President Chris Wiederick. Everus funded the purchase using a combination of cash on hand and borrowings under its credit facilities. The company plans to update its full-year 2026 financial forecast to reflect Epsilon’s impact during its third-quarter earnings reporting.
Positive
- Completed $295 million strategic acquisition of Epsilon Industries, adding modular mechanical and electrical infrastructure capabilities and expanding Everus’ reach into key end markets including data centers, advanced manufacturing and healthcare.
- Maintains Epsilon’s experienced leadership team, including President Chris Wiederick, which may support continuity of operations and integration of the acquired business.
Negative
- None.
Filing Explained
The
8-K Event Classification
2 items: 7.01, 9.01
2 items
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Acquisition purchase price: $295 million
Transaction funding mix: Cash on hand and borrowings
Acquisition completion date: September 1, 2026
+1 more
4 metrics
Acquisition purchase price
$295 million
Cash consideration for Everus’ acquisition of Epsilon Industries, subject to customary closing adjustments
Transaction funding mix
Cash on hand and borrowings
Everus funded the acquisition using cash on hand and borrowings under its credit facilities
Acquisition completion date
September 1, 2026
Date Everus announced completion of the Epsilon Industries acquisition
Forecast period to be updated
Full-year 2026
Everus plans to update its 2026 financial forecast to include Epsilon’s impact during third quarter earnings reporting
Key Terms
Regulation FD, forward-looking statements, customary closing adjustments, credit facilities, +2 more
6 terms
Regulation FD regulatory
"Item 7.01. Regulation FD Disclosure. On September 1, 2026"
Regulation FD is a rule that prevents company insiders, like executives, from sharing important information with some people before others get it. It matters because it helps ensure all investors have equal access to key news, making the stock market fairer and reducing chances of insider trading.
forward-looking statements regulatory
"Information in this release includes certain forward-looking statements within"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
customary closing adjustments financial
"for $295 million in cash, subject to customary closing adjustments"
credit facilities financial
"funded the acquisition through a combination of cash on hand and borrowings under its credit facilities"
Credit facilities are arrangements with banks or lenders that let a company borrow money up to an agreed limit when it needs cash, similar to a business credit card or a home line of credit. They matter to investors because they show how a company manages short‑ and medium‑term financing needs, affect liquidity and debt levels, and can influence costs and risks if borrowing terms change or covenants are breached.
off-site modular construction technical
"Epsilon has extensive off-site modular construction capabilities across multiple"
S&P SmallCap 600 market
"Everus Construction Group, Inc., a member of the S&P SmallCap 600"
A stock market index made up of 600 small-cap U.S. companies chosen to represent the performance of smaller publicly traded firms. It matters to investors because it acts like a temperature gauge for the small-company segment of the market, serving as a benchmark for fund managers, a basis for index funds and ETFs, and a way to compare returns and risk when building a diversified portfolio.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transaction did Everus Construction Group (ECG) announce on September 1, 2026?
Everus Construction Group announced the completion of its acquisition of Epsilon Industries on September 1, 2026. Epsilon designs and manufactures complex, modular mechanical and electrical building infrastructure systems and operates multiple off-site modular construction facilities in the U.S. and Canada.
How much did Everus (ECG) pay to acquire Epsilon Industries?
Everus paid $295 million in cash to acquire Epsilon Industries, subject to customary closing adjustments. The company funded the purchase with a combination of cash on hand and borrowings under its credit facilities.
How did Everus (ECG) fund the Epsilon Industries acquisition?
Everus funded the Epsilon Industries acquisition through a combination of cash on hand and borrowings under its credit facilities. The announced purchase price was $295 million in cash, subject to customary closing adjustments.
What strategic benefits does Everus (ECG) expect from acquiring Epsilon Industries?
Everus expects the Epsilon acquisition to complement its off-site construction capabilities, expand its geographic reach, and enhance its presence in key end markets including data center, advanced manufacturing and healthcare.
Will Everus (ECG) update its 2026 financial outlook after the Epsilon acquisition?
Yes. Everus intends to update its full-year 2026 financial forecast, including the impact of Epsilon Industries, during its third quarter earnings reporting.
Who will lead Epsilon Industries after its acquisition by Everus (ECG)?
Epsilon Industries will continue to be led by key members of its existing leadership team, including President Chris Wiederick, following the acquisition by Everus Construction Group.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 1, 2026
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of | (Commission File Number) | (IRS Employer Identification No.) | ||||||
| incorporation or organization) | ||||||||
(Address of principal executive offices)
(Zip Code)
(701 ) 221-6400
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01. Regulation FD Disclosure.
On September 1, 2026, Everus Construction Group, Inc. (the "Company") issued a press release announcing it completed the acquisition of Epsilon Industries. A copy of the press release, which the Company is furnishing to the Securities and Exchange Commission, is attached as Exhibit 99.1 and incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. The following exhibits are being furnished as part of this report.
| Exhibit Number | Description | |||||||
| 99.1 | Press release issued September 1, 2026, announcing the completed acquisition. | |||||||
| 104 | Cover page interactive data file (embedded within the Inline XBRL document) | |||||||
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| EVERUS CONSTRUCTION GROUP, INC. | ||||||||||||||
| Date: September 1, 2026 | By: | /s/ Maximillian J Marcy | ||||||||||||
Name: | Maximillian J Marcy | |||||||||||||
| Title: | Vice President, Chief Financial Officer and Treasurer | |||||||||||||
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Exhibit 99.1
Everus Completes Acquisition of Epsilon Industries
Bismarck, N.D. — Sept. 1, 2026 — Everus Construction Group (NYSE: ECG) announced today that it has completed its acquisition of Epsilon Industries, a premier designer and manufacturer of complex, modular mechanical and electrical building infrastructure systems, for $295 million in cash, subject to customary closing adjustments. Everus previously announced details of the intended acquisition on July 31.
Epsilon has extensive off-site modular construction capabilities across multiple, strategically located facilities in the U.S. and Canada with nationwide distribution. Everus expects the acquisition to complement its off-site construction capabilities, expand its geographic reach and enhance its presence in key end markets, including data center, advanced manufacturing and healthcare.
Epsilon will continue to be led by key members of its experienced leadership team, including President Chris Wiederick.
Everus funded the acquisition through a combination of cash on hand and borrowings under its credit facilities. Everus intends to update its full-year 2026 financial forecast, including the impact of Epsilon, during third quarter earnings reporting.
About Everus Construction Group
Everus Construction Group, Inc., a member of the S&P SmallCap 600® index, is Building America's Future® by providing a full spectrum of construction services through its electrical and mechanical, and transmission and distribution specialty contracting services across the United States. These specialty contracting services are provided to commercial, industrial, institutional, renewables, service, transportation, utility and other customers. Its E&M contracting services include construction and maintenance of electrical and communication wiring and infrastructure, fire suppression systems, and mechanical piping and services. Its T&D contracting services include construction and maintenance of overhead and underground electrical, gas and communication infrastructure, as well as the manufacture and distribution of transmission line construction equipment. For more information about Everus, visit everus.com or email investors@everus.com.
Forward-Looking Statements
Information in this release includes certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release, including statements about future performance and the anticipated benefits of the acquisition of Epsilon, are expressed in good faith and are believed by the company to have a reasonable basis. Although Everus believes that its expectations are based on reasonable assumptions as of the date they are made, there is no assurance that Everus' projections will be achieved. Readers are encouraged to refer to Part I, Item 1A - Risk Factors in Everus’ most recent annual report on Form 10-K and subsequent filings with the Securities and Exchange Commission for changes in assumptions and factors that could cause actual future results to differ materially from projections. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. Everus does not undertake any obligation, other than as may be required by law, to update or revise any forward-looking or cautionary statements to reflect changes in assumptions, the occurrence of events, unanticipated or otherwise, and changes in future operating results over time or otherwise.
Investor Contact: Paul Bartolai, Vallum Advisors, Paul.Bartolai@everus.com
Media Contact: Laura Lueder, director of communications, 701-221-6444
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