The Daily Dig
Everus Construction Group has agreed to acquire Epsilon Industries, a designer and manufacturer of modular mechanical and electrical building systems, for $295 million in cash. The deal is subject to customary adjustments. It's expected to close in the third quarter of 2026, pending regulatory approval and other standard closing conditions. Everus will fund the purchase with cash on hand and borrowings under its credit facilities.
Epsilon brings more than 25 years of off-site construction experience, with facilities across the U.S. and Canada that support nationwide distribution. The company handles design-assist work, custom fabrication and turnkey field installation. Its client base spans data center, advanced manufacturing and healthcare projects.
Everus expects Epsilon's footprint to support growth in Florida, Texas, the Mid-Atlantic and the Northeast, all named as priority markets. Epsilon's current workforce includes more than 50 engineers and 120 skilled trade employees. President Chris Wiederick and other members of the leadership team are expected to stay on after the deal closes.
Epsilon is projecting roughly $250 million in revenue for full calendar year 2026, with EBITDA margins in the low double digits as a percentage of revenue. These are Epsilon's own projections, not Everus guidance. Everus said it will update its 2026 financial forecast once the transaction closes.
Snapshot:
Acquirer: Everus Construction Group (NYSE: ECG)
Target: Epsilon Industries
Deal Value: $295 million in cash, subject to customary adjustments
Funding Source: Cash on hand and borrowings under credit facilities
Expected Close: Q3 2026, subject to regulatory approval
Epsilon Sector Focus: Data center, advanced manufacturing, healthcare
Epsilon Services: Design-assist, custom fabrication, turnkey field installation
Epsilon Footprint: Multiple facilities across the U.S. and Canada, enabling nationwide distribution
Priority Growth Markets Cited: Florida, Texas, Mid-Atlantic, Northeast
Epsilon Current Workforce: 50+ engineers, 120+ skilled trade employees
Epsilon Leadership: Expected to remain post-acquisition, led by President Chris Wiederick
Epsilon 2026 Projected Revenue: Approximately $250 million
Epsilon Projected EBITDA Margin: Low double digits (% of revenue)
TheJobWalk Thoughts
GCs and subs bidding data center and advanced manufacturing work should expect Everus to lean harder on off-site fabrication in future proposals. This deal puts modular capability directly inside Everus instead of through a subcontracted partner, which can sharpen its position on schedule-sensitive projects.
Suppliers tied to Epsilon's shop network should watch for procurement decisions shifting toward Everus' broader pipeline as integration moves forward. That can bring new volume, but also new account contacts and different terms.
For sales teams calling on Everus, the named markets are the clearest signal here. Florida, Texas, the Mid-Atlantic and the Northeast are where Everus expects Epsilon's capabilities to open doors, and that's where outreach should concentrate first.
