Everus Construction Soars on Acquisition & Raised Forecasts

Everus Construction Group Inc. has seen its strategic outlook significantly boosted by the recent completion of its $295 million cash acquisition of Epsilon Industries, finalized on September 1. This acquisition is poised to enhance Everus' prefabrication and modular construction capabilities, enabling it to better serve high-demand sectors such as data centers, advanced manufacturing, and healthcare.

The integration of Epsilon's operations and workforce is expected to strengthen Everus' market penetration and competitive position. This strategic move aligns with Everus' goal to capitalize on favorable industry trends and meet escalating customer demand across key end-markets.

Reflecting strong market performance, Everus reported a substantial 34% increase in its second quarter topline, driven by robust organic growth in its Electrical and Mechanical (E&M) and Transmission and Distribution (T&D) segments. Quarterly bookings surpassed $2 billion, contributing to a record $4.6 billion backlog, a 53% year-on-year increase.

Buoyed by its strong first half, the company has elevated its full-year 2026 guidance. The revised projections anticipate a topline between $4.5 billion and $4.7 billion, with EBITDA expected to range from $410 million to $425 million, underscoring management's confidence in its growth trajectory.