Everus acquires Epsilon Industries
Torys acted as Canadian counsel to Everus Construction Group with a team led by Steve Rotchtin and that included Marco Pontello and Joshua Vitella (corporate/M&A), Tom Stevenson and Parker Baglole (employment), Steven Slavens (technology contracting), Michael Fortier (environmental), Benjamin Mann and Julia Zhuo (tax).
On September 1, 2026, Everus Construction Group, Inc. (“Everus”) announced the completion of the previously announced acquisition, dated July 31, 2026, of Epsilon Industries, Inc. (“Epsilon”) for US$295 million in cash, subject to customary closing adjustments.
The acquisition was funded through a combination of cash on hand and borrowings under Everus' credit facilities.
Further information can be found on Business Wire’s website.
Epsilon is recognized in the industry for its innovation, proprietary capabilities and highly refined execution processes that provide consistent and efficient delivery of complex custom solutions. It offers a full range of services, including design-assist, custom fabrication and turnkey field installation that support diverse project types across attractive end markets, including data center, advanced manufacturing and healthcare.
Everus Construction Group is Building America's Future® by providing a full spectrum of construction services through its electrical and mechanical, and transmission and distribution specialty contracting services across the United States. These specialty contracting services are provided to commercial, industrial, institutional, renewables, service, transportation, utility and other customers.