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Emcor Group, Inc. Announces Agreement To Acquire Ecm

Jul 05, 2023•over 2 years ago

Acquiring Company

EMCOR Group

Acquired Company

ECM - PCB Stator Tech

Needham HeightsSoftware

Description

EMCOR Group, Inc. (NYSE: EME) today announced that it has entered into a definitive agreement to acquire ECM Holding Group, Inc. (“ECM”), a leading national energy efficiency specialty services firm, in an all-cash transaction. Terms of the transaction were not disclosed.

Company Information

Company

EMCOR Group

About

A Fortune 500® company with estimated 2021 revenues of approximately $9.5B, EMCOR Group, Inc. (NYSE: EME) is a leader in mechanical and electrical construction, industrial and energy infrastructure, and building services. A provider of critical infrastructure systems, EMCOR gives life to new structures and sustains life in existing ones by its planning, installing, operating, maintaining, and protecting the sophisticated and dynamic systems that create facility environments---such as electrical, mechanical, lighting, air conditioning, heating, security, fire protection, and power generation systems---in virtually every sector of the economy and for a diverse range of businesses, organizations and government. Additional information on EMCOR can be found at www.EMCORGroup.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed