# MYR GROUP INC.

Summary updated: 2026-10-02T13:24:50.568623Z
Canonical: https://finbar.com/research/companies/myr-group-inc

## Overview

MYR Group Inc. is a specialty electrical contractor serving the electric-utility infrastructure and commercial and industrial construction markets. Its two core segments are Transmission & Distribution, which builds, upgrades, maintains and repairs power lines, substations and distribution systems, and Commercial & Industrial, which provides electrical construction and maintenance along with transportation-related systems such as roadway lighting and signalization. [1](https://app.finbar.com/go?id=P85449070)[2](https://app.finbar.com/go?id=P108026103)[3](https://app.finbar.com/go?id=P22935158)

The company operates across the United States and Canada, including Ontario and western Canada. [1](https://app.finbar.com/go?id=P85449070)[2](https://app.finbar.com/go?id=P108026103)[3](https://app.finbar.com/go?id=P22935158) MYR Group describes its mission as providing specialty contracting services through safe, sustainable, inclusive and inspiring relationships. [4](https://myrgroup.com/about/) It reported $3.658 billion in contract revenue for 2025, and its website reports more than 9,000 employees. [5](https://app.finbar.com/go?id=T7186910)[4](https://myrgroup.com/about/)
[1](https://app.finbar.com/go?id=P85449070)[2](https://app.finbar.com/go?id=P108026103)[3](https://app.finbar.com/go?id=P22935158)[4](https://myrgroup.com/about/)[5](https://app.finbar.com/go?id=T7186910)[4](https://myrgroup.com/about/)

## Products & services

MYR Group provides specialty electrical contracting services through its Transmission & Distribution (T&D) and Commercial & Industrial (C&I) segments. T&D services include design, engineering, procurement, construction, upgrades, maintenance and repair of electric transmission and distribution networks and substations. Projects include high-voltage transmission lines, overhead and underground distribution systems, clean-energy projects, EV-charging infrastructure and emergency restoration. [2](https://app.finbar.com/go?id=P108026103)[6](https://app.finbar.com/go?id=P68780847)

C&I services include the design, installation, maintenance and repair of electrical wiring, as well as intelligent transportation systems, roadway lighting, signalization and EV-charging infrastructure. Projects span data centers, airports, hospitals, hotels, stadiums, commercial and industrial facilities, manufacturing and processing plants, water and wastewater treatment, and mining facilities. [7](https://app.finbar.com/go?id=P45453559)

In FY2025, T&D accounted for approximately 54.7% of consolidated revenue ($2.002 billion) and C&I approximately 45.3% ($1.655 billion); these figures represent segment revenue, not individual service types. [5](https://app.finbar.com/go?id=T7186910)
[2](https://app.finbar.com/go?id=P108026103)[6](https://app.finbar.com/go?id=P68780847)[7](https://app.finbar.com/go?id=P45453559)[5](https://app.finbar.com/go?id=T7186910)

## Geographic presence

MYR Group operates through local offices across the United States and Canada. Its Transmission & Distribution segment serves the United States and Ontario, while its Commercial & Industrial segment serves the United States and western Canada. [1](https://app.finbar.com/go?id=P85449070)[2](https://app.finbar.com/go?id=P108026103)[3](https://app.finbar.com/go?id=P22935158)

The company’s principal office is in Thornton, Colorado. Its 2025 annual reporting describes its operating footprint but does not provide revenue by country, state, or province, nor a geographic breakdown of employees. [8](https://app.finbar.com/go?id=P72031642)[1](https://app.finbar.com/go?id=P85449070)
[1](https://app.finbar.com/go?id=P85449070)[2](https://app.finbar.com/go?id=P108026103)[3](https://app.finbar.com/go?id=P22935158)[8](https://app.finbar.com/go?id=P72031642)

## Business segments

MYR Group reports two operating and reportable segments: Transmission & Distribution (T&D) and Commercial & Industrial (C&I). T&D serves electric utilities with design, engineering, construction, upgrades, maintenance and repair of transmission and distribution networks and substations, including high-voltage lines and overhead and underground distribution systems. Its work also includes clean-energy projects and EV-charging infrastructure. [9](https://app.finbar.com/go?id=P30899324)

C&I provides design, installation, maintenance and repair of commercial and industrial electrical systems. Its work also covers intelligent transportation systems, roadway lighting and signalization, and EV-charging infrastructure. The segment serves markets including data centers, airports, hospitals, manufacturing, clean energy, water treatment and mining. [7](https://app.finbar.com/go?id=P45453559)

In FY2025, T&D contributed approximately 54.7% of consolidated contract revenue ($2,002.440 million), while C&I contributed approximately 45.3% ($1,655.449 million), out of total contract revenue of $3,657.889 million. The company continued to report these two segments in FY2025, with the same categories shown for FY2024. [10](https://app.finbar.com/go?id=T8696751)
[9](https://app.finbar.com/go?id=P30899324)[7](https://app.finbar.com/go?id=P45453559)[10](https://app.finbar.com/go?id=T8696751)[10](https://app.finbar.com/go?id=T8696751)[10](https://app.finbar.com/go?id=T8696751)

## Company history

MYR Group’s operating-company roots date to 1891, when Lewis Edward Myers founded The L.E. Myers Co. in Chicago. Other contractors that later became part of the group included Sturgeon Electric, founded in 1912, E.S. Boulos in 1920, and Harlan Electric in 1940. The MYR Group holding company was formed in 1995 through a merger of specialty contractors. [11](https://myrgroup.com/about/history/)[12](https://app.finbar.com/go?id=P85134048)

The company expanded through acquisitions, including Great Southwestern Construction in 2000, E.S. Boulos and High Country Line Construction in 2015, Western Pacific Enterprises in 2016, Huen Electric in 2018, and CSI Electrical Contractors in 2019. [11](https://myrgroup.com/about/history/)[13](https://investor.myrgroup.com/news-releases/news-release-details/myr-group-acquires-csi-electrical-contractors-inc) MYR became publicly traded on Nasdaq under the ticker MYRG in September 2008. [14](https://investor.myrgroup.com/investor-resources/faqs)[15](https://investor.myrgroup.com/news-releases/news-release-details/myr-group-inc-announces-approval-nasdaq-listing)

Richard S. Swartz became president and CEO in January 2017. [16](https://app.finbar.com/go?id=P120675960) In 2022, MYR expanded in Canada by acquiring Toronto-based Powerline Plus Ltd. and an affiliate. [17](https://myrgroup.com/news/myr-group-acquires-powerline-plus-companies/) In 2026, it agreed to acquire Valley Holdings, including Valley Electric and Comet Electric; the acquisition closed on July 1. [18](https://investor.myrgroup.com/news-releases/news-release-details/myr-group-enters-definitive-agreement-acquire-valley-electric)[19](https://app.finbar.com/go?id=P144425165)
[12](https://app.finbar.com/go?id=P85134048)[16](https://app.finbar.com/go?id=P120675960)[19](https://app.finbar.com/go?id=P144425165)[11](https://myrgroup.com/about/history/)[13](https://investor.myrgroup.com/news-releases/news-release-details/myr-group-acquires-csi-electrical-contractors-inc)[14](https://investor.myrgroup.com/investor-resources/faqs)[15](https://investor.myrgroup.com/news-releases/news-release-details/myr-group-inc-announces-approval-nasdaq-listing)[17](https://myrgroup.com/news/myr-group-acquires-powerline-plus-companies/)[18](https://investor.myrgroup.com/news-releases/news-release-details/myr-group-enters-definitive-agreement-acquire-valley-electric)

## Sources

1. [MYR GROUP INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P85449070)
2. [MYR GROUP INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P108026103)
3. [MYR GROUP INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P22935158)
4. [myrgroup.com](https://myrgroup.com/about/)
5. [MYR GROUP INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T7186910)
6. [MYR GROUP INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P68780847)
7. [MYR GROUP INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P45453559)
8. [MYR GROUP INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P72031642)
9. [MYR GROUP INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P30899324)
10. [MYR GROUP INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T8696751)
11. [myrgroup.com](https://myrgroup.com/about/history/)
12. [MYR GROUP INC. — Full financial report (2026 Q 1)](https://app.finbar.com/go?id=P85134048)
13. [investor.myrgroup.com](https://investor.myrgroup.com/news-releases/news-release-details/myr-group-acquires-csi-electrical-contractors-inc)
14. [investor.myrgroup.com](https://investor.myrgroup.com/investor-resources/faqs)
15. [investor.myrgroup.com](https://investor.myrgroup.com/news-releases/news-release-details/myr-group-inc-announces-approval-nasdaq-listing)
16. [MYR GROUP INC. — Full financial report (2024 Y)](https://app.finbar.com/go?id=P120675960)
17. [myrgroup.com](https://myrgroup.com/news/myr-group-acquires-powerline-plus-companies/)
18. [investor.myrgroup.com](https://investor.myrgroup.com/news-releases/news-release-details/myr-group-enters-definitive-agreement-acquire-valley-electric)
19. [MYR GROUP INC. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P144425165)

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