BISMARCK, N.D., April 23, 2025--(BUSINESS WIRE)--Everus Construction Group (NYSE: ECG) announced today that Timothy R. Sznewajs has joined the company as vice president of corporate development and strategy.

Sznewajs previously was with D.A. Davidson & Co., where as a managing director he developed a leading middle-market construction services investment banking practice focused on mergers and acquisitions within the electrical and mechanical, and transmission and distribution sectors.

"Our 4EVER strategy focuses on delivering sustained profitable growth and long-term value creation for stockholders, and Tim’s extensive market knowledge, relationships and transaction experience in the construction services sector will be invaluable as we grow our business through strategic mergers and acquisitions and through organic investments in our company," said Jeffrey S. Thiede, president and CEO of Everus.

Sznewajs’ experience in middle-market construction services investment banking spans more than 20 years. Prior to the decade he was with D.A. Davidson & Co., Sznewajs co-led FMI Capital Advisors, the investment banking group of FMI Corp., where he was responsible for originating and leading numerous high-profile infrastructure industry transactions. He began his career in the M&A department of Goldman Sachs & Co.

Sznewajs holds a master’s degree in business administration from Northwestern University and a bachelor’s degree in economics from the University of Notre Dame.

Forward-Looking Statements

Information in this release includes certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release include statements by the president and CEO of the company. Nonetheless, actual results may differ materially from the projected results expressed in the forward-looking statements because of a variety of risks and uncertainties. For a discussion of important factors that could cause actual results to differ materially, refer to Everus’ most recent Form 10-K filed with the SEC. All forward-looking statements in this release are expressly qualified by these cautionary statements and by reference to the underlying factors. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. Everus does not undertake any obligation, other than as may be required by law, to update or revise any forward-looking or cautionary statements to reflect changes in assumptions, the occurrence of events, unanticipated or otherwise, and changes in future operating results over time or otherwise.

About Everus Construction Group

Everus Construction Group, Inc., a member of the S&P SmallCap 600®, is Building America's Future™ by providing a full spectrum of construction services through its electrical and mechanical, and transmission and distribution specialty contracting services across the United States. These specialty contracting services are provided to utility, transportation, commercial, industrial, institutional, renewable and other customers. Its E&M contracting services include construction and maintenance of electrical and communication wiring and infrastructure, fire suppression systems, and mechanical piping and services. Its T&D contracting services include construction and maintenance of overhead and underground electrical, gas and communication infrastructure, as well as manufacturing and distribution of transmission line construction equipment and tools. For more information about Everus, visit everus.com or email investors@everus.com.

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Contacts

Media Contact: Laura Lueder, director of communications, 701-221-6444
Investor Contact: Paul Bartolai, Vallum Advisors, investors@everus.com