Everus Construction Group (NYSE: ECG) announced on 31 July 2026 that it has entered into a definitive agreement to acquire Epsilon Industries for $295 million in cash, subject to customary adjustments.
The acquisition will be funded using a combination of cash on hand and borrowings under Everus’s existing credit facilities. The transaction is expected to close in the third quarter of 2026, pending regulatory approvals and other customary closing conditions.
Epsilon Industries is a designer and manufacturer of complex, modular mechanical and electrical building‑infrastructure systems with more than 25 years of experience, providing off‑site construction solutions across North America. The company serves data‑center, advanced‑manufacturing and healthcare end‑markets and operates multiple off‑site modular construction facilities in the United States and Canada. For the full calendar year 2026, Epsilon projects revenue of approximately $250 million and EBITDA at a low double‑digit percentage of revenue.
Jeffrey S. Thiede, president and CEO of Everus, said the addition of Epsilon’s team will expand Everus’s capabilities in modular construction and prefabrication to meet growing customer demand. Epsilon President Chris Wiederick and other senior leaders are expected to remain with the company after the acquisition. Everus will update its 2026 financial forecast once the transaction is successfully closed.