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

Company Fundamentals
27 May 2026, 23:01 WIB
GlobeNewsWire
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Bullish
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.

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Prospect Capital exits RGIS investment with 13.6% IRR and 1.6x return, receiving $22M proceeds.

Prospect Capital exits RGIS investment with 13.6% IRR and 1.6x return, receiving $22M proceeds.

Prospect Capital Corporation announced the sale of its investment in RGIS Services, expecting to receive about $22 million in November 2026. Since 2017, the investment yielded a 13.6% annualized internal rate of return and a 1.6 times multiple of inv...

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