MYR Group Inc. is an American corporation that offers electrical construction services for transmission and distribution lines, substations, commercial and industrial buildings, and renewable energy. It is the parent company to 12 subsidiary electrical construction companies.
It has approximately 8500 employees and in 2022 had revenue of $3.01 billion.[2] It is publicly traded on Nasdaq under the stock symbol MYRG. Its headquarters are in Thornton, Colorado.
Historyedit
MYR Group was listed on the New York Stock Exchange from 1996 to 2000, when it was bought by GPU Inc., which was then bought by FirstEnergy Corp. From 2005 to 2007, ArcLight Capital Partners was the majority shareholder.[3] In 2008, approximately 20 million shares in the company were registered with NASDAQ for resale. Trading started at $16 per share; by December the price had fallen to $10.[3] In 2023 the stock reached $150 a share. Currently the biggest shareholders are BlackRock and Vanguard Group.
Richard S. Swartz became president and chief executive officer in January 2017, replacing William A. Koertner who had held those posts since 2003.[4]
Acquisitionsedit
In 2000 the company acquired Great Southwestern Construction, followed by E.S. Boulos[5] and High Country Line Construction in 2015, Western Pacific Enterprises in 2016,[6] Huen Electric in 2018, [7] and Powerline Plus in 2022.[8] MYR Energy Services, Inc. was created in 2009. [9]
Referencesedit
^"MYR Group Annual Report". myrgroup.com. MYR Group Inc.
^"MYR Group Full Year 2022 Earnings: Beats Expectations". Yahoo Finance. 2023-02-24. Retrieved 2023-07-20.
^ ab"MYR Group goes public, quietly". MarketWatch.
^"MYR Group CEO Koertner to step down, Swartz to replace him". Daily Herald Business Ledger. 20 December 2016.
^"MYR Group Acquires New England Electrical Contractor E.S. Boulos". EC&M.
^"MYR Group (MYRG) Acquires Western Pacific Enterprises for C$16.1M". Street Insider.
^"MYR Group acquires Huen Electric companies". Daily Herald Business Ledger. 3 July 2018.
^"MYR Group acquires Powerline Plus - constructconnect.com". Daily Commercial News. 2022-01-11. Retrieved 2023-07-20.
group, american, corporation, that, offers, electrical, construction, services, transmission, distribution, lines, substations, commercial, industrial, buildings, renewable, energy, parent, company, subsidiary, electrical, construction, companies, company, typ. MYR Group Inc is an American corporation that offers electrical construction services for transmission and distribution lines substations commercial and industrial buildings and renewable energy It is the parent company to 12 subsidiary electrical construction companies MYR Group Inc Company typePublicTraded asNasdaq MYRGFounded1995HeadquartersHenderson ColoradoRevenue 3 01 billion USD 2022 1 Number of employees8 500Websitemyrgroup comIt has approximately 8500 employees and in 2022 had revenue of 3 01 billion 2 It is publicly traded on Nasdaq under the stock symbol MYRG Its headquarters are in Thornton Colorado History editMYR Group was listed on the New York Stock Exchange from 1996 to 2000 when it was bought by GPU Inc which was then bought by FirstEnergy Corp From 2005 to 2007 ArcLight Capital Partners was the majority shareholder 3 In 2008 approximately 20 million shares in the company were registered with NASDAQ for resale Trading started at 16 per share by December the price had fallen to 10 3 In 2023 the stock reached 150 a share Currently the biggest shareholders are BlackRock and Vanguard Group Richard S Swartz became president and chief executive officer in January 2017 replacing William A Koertner who had held those posts since 2003 4 Acquisitions editIn 2000 the company acquired Great Southwestern Construction followed by E S Boulos 5 and High Country Line Construction in 2015 Western Pacific Enterprises in 2016 6 Huen Electric in 2018 7 and Powerline Plus in 2022 8 MYR Energy Services Inc was created in 2009 9 References edit MYR Group Annual Report myrgroup com MYR Group Inc MYR Group Full Year 2022 Earnings Beats Expectations Yahoo Finance 2023 02 24 Retrieved 2023 07 20 a b MYR Group goes public quietly MarketWatch MYR Group CEO Koertner to step down Swartz to replace him Daily Herald Business Ledger 20 December 2016 MYR Group Acquires New England Electrical Contractor E S Boulos EC amp M MYR Group MYRG Acquires Western Pacific Enterprises for C 16 1M Street Insider MYR Group acquires Huen Electric companies Daily Herald Business Ledger 3 July 2018 MYR Group acquires Powerline Plus constructconnect com Daily Commercial News 2022 01 11 Retrieved 2023 07 20 MYR Group History MYR Group Retrieved from https en wikipedia org w index php title MYR Group Inc amp oldid 1166218877, wikipedia, wiki, book, books, library,
