Everus Construction Group Inc (ECG) News & EventsECGEverus Construction Group Inc

Everus Construction Appoints New CIO and CHRO

Everus Construction Group announced that Vice President of Technology Jason Behring has been promoted to vice president and chief information officer, and Vice President of Human Resources Britney Hendricks has been promoted to vice president and chief human resources officer.Behring has been with the company since 1999 in various IT roles, and Hendricks has been with the company since 2019 in various human resources roles.

Everus Acquires SE&M and Subsidiaries for $158M

Everus Construction Group has acquired SE&M Constructors, Inc., SE&M of the Triangle, Inc. and SECO Rentals. SE&M, founded in 1923 and headquartered in Elm City, North Carolina, provides mechanical, electrical and plumbing services to customers across a variety of sectors, including pharmaceutical, complex industrial and health care. SE&M generates approximately 65% of its revenue from mechanical services, with critical expertise in advanced industrial construction processes that require strict quality control. Led by an experienced management team, SE&M has more than 200 skilled craft laborers who enable the company to deliver on highly specialized and complex projects. SE&M provides full lifecycle service offerings with a meaningful contribution generated from the maintenance and retrofit of existing facilities, providing a consistent base of recurring revenue. The company focuses on end markets where unique capabilities and expertise are required to successfully execute projects, resulting in deep customer relationships. As part of the transaction, CEO Zack Bynum, President Patrick Rogers, CFO Alex Bynum and other key members of SE&M's experienced leadership team will remain with the company. Everus acquired SE&M for $158M, subject to certain closing adjustments, funded by cash on hand. Transaction terms also allow for a potential earnout payment, not to exceed an additional 8% of the purchase price, based on certain post-acquisition performance targets. SE&M has a proven history of strong financial performance with an attractive margin profile. In 2025, SE&M generated revenue of $109M with earnings before interest, taxes, depreciation and amortization as a percentage of revenue in the high teens. Everus will update its financial forecast for 2026 during its first quarter earnings report.

Everus Construction Stock Rises 31.3% to $136.83

Everus Construction is up 31.3%, or $32.62 to $136.83.