MYR Group, Inc. - Common Stock (MYRG)

Competitors to MYR Group, Inc. - Common Stock (MYRG)

EMCOR Group, Inc. 

EMCOR and MYR Group target similar markets in electrical and mechanical contracting but with different focuses. EMCOR has a strong reputation for its mechanical services, including HVAC, which allows it to dominate in building systems and industrial services. MYR Group's focus remains more tightly on electrical transmission, distribution, and related infrastructure, making their offerings more specialized. EMCOR's diverse range of services provides a competitive advantage in winning projects that require integrated solutions, particularly those in large commercial sectors.

MasTec, Inc. 

MasTec and MYR Group compete primarily in the construction and engineering sectors, particularly in telecommunications and utility infrastructure projects. MasTec has a well-diversified service line, including renewable energy and pipeline contracting, which can bring in higher revenue from various sectors compared to MYR's more concentrated utility focus. This breadth of service offerings helps MasTec to attract a wider client base and take on larger projects, which often translates to competitive pricing and increased market share.

Quanta Services, Inc. 

Quanta Services and MYR Group both operate in the utility and energy infrastructure sectors, specializing in electrical and telecommunications contracting services. Quanta is one of the largest competitors in this space, offering a broad range of services and holding an extensive portfolio of projects, which often gives it a competitive edge when bidding for large-scale contracts. MYR Group, on the other hand, has a strong regional presence and focuses on tailored customer solutions, but Quanta's size and scale allow it to leverage economies of scale in project delivery and procurement.

The Utilities Commission, City of New Smyrna Beach

While the Utilities Commission is not a direct competitor in the private sector like MYR Group, it represents local and municipal utility providers that can undertake specific energy projects, which can intersect with MYR's work. The competition here involves public projects funded by local governments that may bypass private conglomerates in favor of local contractors. MYR must effectively demonstrate value and reliability in its bids to outcompete such public entities, but it generally competes more directly within the private sector of energy infrastructure.