January 2022: Origin Merchant Partners Acts as Exclusive Financial Advisor to Powerline on its sale to MYR Group

January 2022: Origin Merchant Partners Acts as Exclusive Financial Advisor to Powerline on its sale to MYR Group

By ext_origin

All Transactions, Mergers & Acquisitions

February 4, 2022

Origin Merchant Partners is pleased to announce that Powerline Plus Ltd. and PLP Redimix, Ltd. (collectively “Powerline”) have been acquired by MYR Group Inc. (“MYR Group”). Origin Merchant Partners acted as exclusive financial advisor to Powerline with respect to this transaction.

Powerline is a leading full-service electrical distribution construction company, headquartered in Toronto, Ontario. Founded in 1990, Powerline has grown in both size and stature, rapidly moving to the forefront of its industry. With a scope of operations that encompasses engineering and design, civil, electrical and distributed generation and other services, Powerline provides innovative, reliable, and cost-effective solutions, tailored to customer budgets, timelines, and environmental pressures.

MYR Group (NASDAQ: MYRG) is a holding company of leading specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets throughout the United States and Canada, with the experience and expertise to complete electrical installations of any type and size.

Origin Senior Leads: Darren Williams.