SOLV Energy Acquires ASB Energy Services for About $45 Million

• SOLV Energy completed its acquisition of ASB Energy Services for approximately $45 million, excluding customary closing adjustments.
• Consideration comprised $36 million in cash and $9 million in shares of Class A common stock.
• The Texas-based contractor specializes in substation foundations, civil construction and battery energy storage system infrastructure.
• The acquisition expands self-performed high-voltage construction capabilities, strengthening the buyer's presence in Texas and other high-growth regions.
• ASB will retain its leadership team, operating approach and customer relationships.

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. SOLV Energy Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202611021605PRIMZONEFULLFEED9867737) on November 02, 2026, and is solely responsible for the information contained therein.