Everus Construction Group Acquires SE&M For $158M

Everus Construction Group (NYSE: ECG) has acquired SE&M Constructors, Inc. and its affiliates for $158 million, funded by cash on hand. This acquisition aims to diversify Everus's revenue mix and expand its mechanical services in the Southeast region, particularly in the industrial and pharmaceutical markets. SE&M generated $109 million in revenue in 2025, with a strong EBITDA margin, and the deal includes a potential earnout payment of up to 8% based on post-acquisition performance. Everus plans to update its financial forecast for 2026 in its upcoming first quarter earnings report.