MYR GROUP Business Summary

MYR Group Inc. (MYRG) is a leading North American holding company that generates revenue through large-scale specialty electrical construction services provided by its diverse portfolio of subsidiaries. The company operates through two primary reporting segments: Transmission and Distribution (T&D) and Commercial and Industrial (C&I). The T&D segment provides comprehensive engineering, procurement, and construction (EPC) services for high-voltage transmission lines, substations, and grid modernization projects, while the C&I segment focuses on complex electrical installations for data centers, healthcare facilities, and transportation infrastructure. MYR Group distinguishes itself in the market through its extensive geographic footprint and technical expertise in clean energy and EV infrastructure. It competes directly with industry giants such as Quanta Services (PWR), EMCOR Group (EME), and MasTec (MTZ), maintaining a top-tier position as one of the largest specialty contractors in the United States by revenue and backlog. Leadership is spearheaded by President and CEO Richard S. Swartz, a 40-year industry veteran who rose through the ranks from field operations at Sturgeon Electric to lead the enterprise since 2017. He is supported by Senior VP and CFO Kelly M. Huntington, who joined in 2023 with a deep pedigree in utility finance from her previous roles as CEO of Indianapolis Power & Light and CFO of USIC LLC. The operational core includes Tod M. Cooper (COO of T&D) and Don Egan (COO of C&I), both of whom possess decades of specialized management experience within the company’s core subsidiaries. The board is chaired by Kenneth M. Hartwick, the current CEO of Ontario Power Generation, and includes strategic representation from notable investors such as Bradley T. Favreau of Engine Capital Management. This leadership team oversees a legacy of service dating back to the late 19th century, following the 1995 consolidation of historic firms like L.E. Myers Co. and Sturgeon Electric.