SOLV Energy Expands High-Voltage Infrastructure Capabilities with Acquisition of ASB Energy Services
SAN DIEGO, Nov. 02, 2026 (GLOBE NEWSWIRE) -- SOLV Energy, Inc. (NASDAQ:MWH) ("SOLV"), a leading provider of infrastructure services to the power industry, today announced it has completed the acquisition of ASB Energy Services ("ASB"), a Texas-based contractor specializing in substation foundations, civil construction, and battery energy storage system (BESS) infrastructure. The acquisition strengthens SOLV's energy infrastructure platform and expands its self-perform high-voltage construction capabilities. SOLV acquired ASB for approximately $45 million, excluding customary closing adjustments, with consideration consisting of $36 million in cash and $9 million in shares of Class A commo