MYR Group Files for IPO

MYR Group Inc., a Rolling Meadows, Ill.-based specialty contractor serving the U.S. electrical infrastructure market, has filed for a $255.98 million IPO. It plans to trade on the Nasdaq, and has not yet chosen underwriters. Shareholders include Goldman Sachs (17.9% pre-IPO stake), ArcLight Capital (6.6%), Fidelity (9%), Highfields Capital Management (7.3%), Fortress Investment Group (6.6%) and Balyasny Asset Management (5.8%).