Everus Construction Group to Acquire Epsilon Industries

Everus Construction Group, Inc. announced on July 31, 2026, that it has entered into a definitive agreement to acquire Epsilon Industries for $295 million in cash. Epsilon Industries is a provider of off-site modular construction solutions, specializing in mechanical and electrical building infrastructure systems. This acquisition is expected to enhance Everus's modular construction capabilities, expand its geographic reach into key markets such as Florida, Texas, the Mid-Atlantic, and the Northeast, and strengthen its presence in attractive end markets like data centers, advanced manufacturing, and healthcare. Epsilon reported expected revenues of approximately $250 million for the full calendar year 2026, with EBITDA margins in the low double digits. The transaction is anticipated to close in the third quarter of 2026, subject to regulatory approvals and customary closing conditions. The acquisition will be funded through a combination of cash on hand and existing credit facilities. Epsilon's leadership team is expected to remain with the company post-acquisition.