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Slide #67. EMCOR Group, Inc. — RepconStrickland
EMCOR Group, Inc. (NYSE:EME)
EMCOR Group, Inc. (NYSE:EME) today announced that it has entered into a definitive agreement to acquire RepconStrickland, Inc. ("RepconStrickland"), a leading provider of recurring turnaround and specialty services to the North American refinery and petrochemical markets. EMCOR is acquiring the privately held company in an all cash transaction valued at approximately $455 million from its shareholders, including its majority shareholder, an affiliate of ArcLight Capital Partners, LLC, an energy focused private equity fund.
EMCOR Group is an electrical and mechanical construction and facilities services firm. In addition, Co. provides building services and industrial services. Co.'s services are provided to its customers through its operating subsidiaries and joint venture entities. Co. engages in providing construction services relating to electrical and mechanical systems in various types of facilities and in providing various services relating to the operation, maintenance and management of facilities. Co. also provides its construction services indirectly by acting as a subcontractor to general contractors, systems suppliers, construction managers, developers, property managers and other subcontractors.
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Hold (2.50 out of 4)