Prospect Capital has agreed to sell its portfolio company Valley Electric to MYR Group for expected gross proceeds of approximately $328 million, with closing anticipated around 1st July 2026. The transaction is expected to deliver net exit proceeds of about $280 million to Prospect. The deal represents a 4.8 times multiple of invested capital and a 20.4% gross annualised internal rate of return since Prospect's initial investment in 2012. During Prospect's ownership, Valley Electric's revenues expanded by 289%. Founded in 1982, Valley Electric provides electrical solutions for critical infrastructure across Washington state, California and the Western United States. The sale proceeds are subject to net asset adjustments and potential earn-out payments. MYR Group is a leading specialty contractor serving electric utility infrastructure, commercial and industrial construction markets.

MYR Group Inc. to attend Wells Fargo Industrials & Materials Conference in June. Published on 05/11/2026 at 04:07 pm EDT Acquiremedia THORNTON, Colo., May 11, 2026 (GLOBE NEWSWIRE) - MYR Group Inc. ("MYR Group") (NASDAQ: MYRG), a holding company of leading specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets in the United States and Canada, announced it will attend the Wells Fargo Industrials & Materials investor conference. MYR Group's Chief Executive Officer, Rick Swartz, Chief Financial Officer, Kelly Huntington, and Vice President, Investor Relations and Treasurer, Jennifer Harper, will meet with institutional investors during the Wells Fargo Industrials & Materials Conference on June 10, 2026, in Chicago. This event is only available to Wells Fargo clients. About MYR Group Inc. MYR Group is a holding company of leading, specialty electrical contractors providing services throughout the United States and Canada through two business segments: Transmission & Distribution (T&D) and Commercial & Industrial (C&I). MYR Group subsidiaries have the experience and expertise to complete electrical installations of any type and size. Through their T&D segment they provide services on electric transmission, distribution networks, substation facilities, clean energy projects and electric vehicle charging infrastructure. Their comprehensive T&D services include design, engineering, procurement, construction, upgrade, maintenance and repair services. T&D customers include investor-owned utilities, cooperatives, private developers, government-funded utilities, independent power producers, independent transmission companies, industrial facility owners and other contractors. Through their C&I segment, they provide a broad range of services which include the design, installation, maintenance and repair of commercial and industrial wiring generally for data centers, clean energy projects, airports, hospitals, hotels, commercial and industrial facilities, manufacturing plants, processing facilities, water/waste-water treatment facilities, mining facilities, intelligent transportation systems, roadway lighting, signalization, stadiums and electric vehicle charging infrastructure. C&I customers include general contractors, commercial and industrial facility owners, government agencies and developers. For more information, visit myrgroup.com. Contact Jennifer Harper, Vice President, Investor Relations & Treasurer, MYR Group Inc., (847) 979-5835, [email protected] MYR Group, Inc. 2026 GlobeNewswire, Inc., source Press Releases (C) Acquiremedia - 2026

MYR Group shares rose 5% after reporting strong first-quarter 2026 results showing significant margin improvements. The electrical construction and infrastructure services provider's gross margin increased to 13.4% from 11.6% year-over-year, driven by higher-margin projects, better productivity and favourable project adjustments. Operating margins improved across divisions, with Transmission & Distribution rising to 9.7% from 7.8%, and Commercial & Industrial increasing to 8.1% from 4.7%. The stock has gained 90% since the start of the year, reaching a new 52-week high of $430.79 per share.