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updated: 7/16/2019 2:09 PM

MYR Group acquires CSI Electrical Contractors

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ROLLING MEADOWS -- MYR Group Inc. announced it has acquired CSI Electrical Contractors, a full-service electrical contractor headquartered in Santa Fe Springs, California, for approximately $79.7 million.

CSI provides services throughout California to a broad array of markets.

"CSI brings a high-quality workforce and strong management team with decades of experience, who share our culture, values and commitment to delivering superior service to our customers through operational excellence," said MYR Group's President and CEO, Rick Swartz.

CSI will operate as CSI Electrical Contractors, Inc. as one of MYR Group's subsidiaries. Over the last two years, the average annual revenues of CSI were approximately $265 million.

MYR Group is a holding company of specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets throughout the United States and western Canada.