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Subsequent Events
9 Months Ended
Sep. 30, 2025
Subsequent Events [Abstract]  
Subsequent Events

12. Subsequent Events

On October 1, 2025, we acquired all of the issued and outstanding equity of Feyen Zylstra Holdings, LLC (“Feyen Zylstra”). Feyen Zylstra is headquartered in Grand Rapids, Michigan, and is a full-service electrical contractor offering electrical design, installation, and maintenance services primarily to the industrial, technology, and healthcare sectors. Initially, we expect this acquisition to contribute annual revenues of approximately $150 million to $175 million. Feyen Zylstra will be included in our electrical segment.

On October 1, 2025, we acquired all of the issued and outstanding equity of Meisner Electric, Inc. (“Meisner”). Meisner is headquartered in Boca Raton, Florida, and is a full-service commercial electrical contractor offering greenfield construction services and electrical design, installation, and renovation services primarily to the healthcare,

commercial, and government sectors. Initially, we expect this acquisition to contribute annual revenues of approximately $50 million to $65 million. Meisner will be included in our electrical segment.

Due to the timing of these two acquisitions, the initial accounting for them is not completed yet. As such, we are not able to disclose certain information relating to these acquisitions, including their preliminary purchase price. We expect to complete the initial accounting for these acquisitions during the fourth quarter of 2025.