ROLLING MEADOWS – MYR Group Inc. announced the acquisition of CSI Electrical Contractors, a full-service electrical contractor based in Santa Fe Springs, Calif., For approximately $ 79.7 million.
CSI provides service throughout California to a wide variety of markets.
“CSI brings a high quality workforce and a strong management team with decades of experience, who share our culture, our values and our commitment to provide superior service to our customers through operational excellence” said Rick Swartz, President and CEO of MYR Group.
CSI will operate under the name CSI Electrical Contractors, Inc., one of the subsidiaries of the MYR group. Over the past two years, CSI’s average annual revenue was around $ 265 million.
MYR Group is a holding company of specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets across the United States and Western Canada.