Prospect Capital sells Valley Electric to MYR Group for $328M, earning 4.8x invested capital.

Prospect Capital Corporation announced the sale of its portfolio company Valley Electric to MYR Group for approximately $328 million, with the transaction expected to close around July 1, 2026. Since acquiring Valley Electric in 2012, Prospect Capital achieved a 20.4% annualized return and a 4.8 times multiple on invested capital, reflecting strong growth and expansion of Valley Electric's business. This sale highlights Prospect's ability to identify and grow high-quality middle-market companies. MYR Group, a specialty contractor in electric utility infrastructure, will now integrate Valley Electric into its operations.