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MYRG Stock - MYR Group Inc.


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MYRG Profile

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MYR Group Inc., along with its subsidiaries, delivers electrical construction services across the United States and Canada. The company operates through two distinct segments: Transmission and Distribution, and Commercial and Industrial. Within the Transmission and Distribution segment, MYR Group offers an extensive array of services focusing on electric transmission and distribution networks, as well as substation facilities. These services encompass design, engineering, procurement, construction, upgrade, maintenance, and repair, primarily catering to customers within the electric utility industry. Additionally, this segment undertakes the construction and maintenance of high voltage transmission lines, substations, and both underground and overhead distribution systems, including renewable power facilities and limited gas construction services. Furthermore, it provides emergency restoration services in response to storm-related damages, such as hurricanes or ice storms. The Transmission and Distribution segment acts as a prime contractor to various entities, including investor-owned utilities, cooperatives, private developers, government-funded utilities, and industrial facility owners.

In contrast, the Commercial and Industrial segment of MYR Group specializes in providing diverse services related to commercial and industrial wiring. This includes design, installation, maintenance, and repair activities. Furthermore, the segment undertakes projects such as the installation of traffic networks, lighting systems for bridges, roadways, and tunnels, catering to a wide spectrum of clients across sectors such as airports, hospitals, data centers, hotels, stadiums, convention centers, renewable energy projects, manufacturing plants, processing facilities, wastewater treatment facilities, mining facilities, and transportation control and management systems. Its client base comprises general contractors, commercial and industrial facility owners, governmental agencies, and developers.

Founded in 1891 and headquartered in Henderson, Colorado, MYR Group Inc. boasts a rich legacy in the electrical construction industry, continually evolving to meet the dynamic needs of its diverse clientele across North America.

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