Everus Construction (ECG) Acquires SE&M for $158M to Expand Specialty Services

Everus Construction Group Inc. (NYSE:ECG) is one of the 10 Best Young Stocks to Buy Right Now. Everus Construction Group Inc. (NYSE:ECG) is one of the best young stocks to buy right now. On April 2, Everus Construction acquired SE&M Constructor Inc., SE&M of the Triangle Inc., and SECO Rentals LLC for $158 million in cash. Headquartered in Elm City, North Carolina, SE&M is a specialist contractor providing mechanical, electrical, and plumbing services primarily to the pharmaceutical, industrial, and health care sectors. The deal includes a potential earnout of up to 8% based on future performance, following SE&M’s 2025 revenue of $109 million.

The acquisition strengthens Everus’ presence in the Southeast region and diversifies its revenue mix through SE&M’s high-margin mechanical services and recurring maintenance work. SE&M generates ~60% of its revenue from the pharmaceutical and health care markets, maintaining long-term relationships with global health care firms. Everus intends to use this expertise to pursue new growth opportunities, including expanding into the data center submarket within the region.

SE&M’s existing leadership team, including CEO Zack Bynum and President Patrick Rogers, will remain with the company to ensure operational continuity. Everus Construction Group Inc. (NYSE:ECG) highlighted the alignment of SE&M’s safety-focused culture with its own strategic priorities and noted that the transaction was supported by its strong financial flexibility. The company expects to update its 2026 financial forecast during its upcoming Q1 earnings report.

Everus Construction (ECG) Acquires SE&M for $158M to Expand Specialty Services

Photo from Sasol Ltd website

Everus Construction Group Inc. (NYSE:ECG) is an engineering & construction company that offers contracting services to customers in various industries. It has two segments: Electrical & Mechanical and Transmission & Distribution.

While we acknowledge the risk and potential of ECG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ECG and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.