Everus to Acquire Epsilon Industries for $295M, Expanding Modular Construction Footprint
ECG sits 78% above its 52-week low of $68.51.
Summary
Everus Construction Group announced a definitive agreement to acquire Epsilon Industries for $295 million in cash, adding a premier off-site modular construction solutions provider with ~$250 million in expected 2026 revenue and low-double-digit EBITDA margins.
Key Events · M&A and Partnerships · ECG
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Acquisition of Epsilon Industries
Everus entered into a definitive agreement to acquire Epsilon Industries, a premier off-site modular construction solutions provider, for $295 million in cash, subject to customary adjustments.
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Financial Impact
Epsilon expects to generate ~$250 million in revenue for full-year 2026 with low-double-digit EBITDA margins. The acquisition will be funded through cash on hand and credit facility borrowings.
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Strategic Rationale
The deal enhances Everus' off-site modular construction capabilities, expands geographic reach into priority markets like Florida, Texas, and the Northeast, and diversifies end-market exposure into data centers, advanced manufacturing, and healthcare.
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Expected Close
The transaction is expected to close in Q3 2026, subject to regulatory approvals and other customary closing conditions.
Analysis · ECG · Real Estate & Construction
Everus Construction Group is acquiring Epsilon Industries, a premier off-site modular construction solutions provider, for $295 million in cash. The deal adds a high-growth, high-margin business with expected 2026 revenue of ~$250 million and low-double-digit EBITDA margins, enhancing Everus' capabilities in data center, advanced manufacturing, and healthcare end markets. The acquisition is funded through cash on hand and credit facility borrowings, and is expected to close in Q3 2026. This is a strategically significant move that broadens Everus' geographic reach and diversifies its end-market exposure, positioning the company for accelerated growth in modular construction.
At the time of this filing, ECG was trading at $122.00 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $6.3B. The 52-week trading range was $68.51 to $171.58. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.