Prospect Capital sells Valley Electric to MYR Group for about $328 million
PUBT · 05/27 20:01
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- MYR Group to buy Valley Electric from Prospect Capital for about USD 328 million, subject to post-closing adjustments and an earn-out.
- Closing expected on or about July 1, 2026.
- Prospect expects about USD 280 million of net exit proceeds, excluding potential adjustments and earn-out payments.
- Prospect projects a 20.4% realized gross annualized IRR since its 2012 investment, equating to a 4.8x multiple of invested capital.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Prospect Capital Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605271601PRIMZONEFULLFEED9727663) on May 27, 2026, and is solely responsible for the information contained therein.
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