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Everus to Acquire Epsilon Industries, Premier Off-Site Modular Construction Solutions Provider

ECG
  • Everus Construction Group (NYSE: ECG) agreed to acquire Epsilon Industries for $295 million in cash, subject to customary adjustments.
  • Epsilon is a designer & manufacturer of complex modular mechanical & electrical building infrastructure systems with over 25 years of experience.
  • The acquisition is expected to close in Q3 2026, subject to regulatory approvals & other closing conditions.
  • Funding will come from Everus' cash on hand & borrowings under its credit facilities.
  • Epsilon operates strategic facilities across the U.S. & Canada with a workforce of 50+ engineers & 120 skilled trade employees.
  • The deal expands Everus' presence in priority geographic areas including Florida, Texas, the Mid-Atlantic, & the Northeast.
  • Epsilon strengthens Everus' capabilities in end markets such as data centers, advanced manufacturing, & healthcare.
  • Epsilon expects $250 million in revenue for 2026 with EBITDA in the low double-digit percentage of revenue.
  • Epsilon President Chris Wiederick & key leadership are expected to remain with the company post-closing.
  • Everus will update its 2026 financial forecast after the transaction closes.
  • The transaction is expected to be financially cash accretive with significant growth runway supported by Epsilon's backlog.