Acquisition Opportunity Comet Electric has been recently acquired by MYR Group for 328M, signaling potential integration with larger project pipelines and access to expanded client relationships. Use this as an opening to explore joint bids, cross-sell services, and leverage MYR Group’s marketing and procurement channels.

Growth Potential With a revenue range of 25 to 50 million and a workforce of 51-200, Comet Electric sits in a scale where mid-market, design-build, and design-assist projects are common. Target mid-to-large commercial, industrial, and institutional opportunities that align with their service sectors and geographic footprint.

Sector Expertise Strong involvement in commercial/industrial, educational/institutional, healthcare, transportation, and mixed-use developments positions them to pursue turnkey electrical packages, including street lighting, traffic signals, and process controls—areas where long-term maintenance and upgrades are frequent.

Technology Enablement Current tech stack includes WordPress, Google Cloud, and Microsoft 365, suggesting openness to digital collaboration and cloud-enabled project management. Opportunities exist to propose modern BIM-enabled coordination, cloud-based document control, and value engineering workflows to streamline bids.

Market Momentum Recent press indicates strategic acquisition activity and consolidation in the electrical contracting space. This signals a competitive market with potential for preferred contractor programs, supplier partnerships, and enhanced procurement terms through MYR Group’s network.