EMCOR Group, Inc. (EME): M&A transaction — EMCOR completes acquisition of Miller Electric for $865M cash; expects $805M revenue, $80M EBITDA from Miller

EMCOR Group, Inc.

Acquired 100% of Miller Electric Company for $865 million in cash, subject to customary adjustments.
Miller Electric generated approx. $805M revenue and $80M Adjusted EBITDA in CY 2024; deal modestly accretive to EME EPS in 2025.
Miller Electric leadership team remains in place; Dan Fitzgibbons to oversee as President of EMCOR Electrical Construction Services.
Transaction funded through cash on hand; Evercore and Ropes & Gray advised EMCOR.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.95

EMCOR Group, Inc. completed an acquisition involving Miller Electric Company, Miller Electric Company Employee Stock Ownership Trust, Susan A. Walden Family Voting Trust, Henry K. Brown Trust I, Daniel A. Brown Trust I for $865 million in cash, subject to customary adjustments (closed 2025-02-03).

Action: acquisition
Counterparty: Miller Electric Company, Miller Electric Company Employee Stock Ownership Trust, Susan A. Walden Family Voting Trust, Henry K. Brown Trust I, Daniel A. Brown Trust I
Consideration: $865 million in cash, subject to customary adjustments
Closing: 2025-02-03

Exact text from the filing

and the Seller ESOP Trust collectively are referred to as the “Sellers”. The Company acquired from the Sellers 100% of the equity ownership of Miller Electric in exchange for $865 million in cash, subject to customary adjustments. As a result of the transaction, Miller Electric became a wholly-owned subsidiary of the Company. Miller Electric is a leading

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EMCOR Group, Inc. filing history →

Source: SEC EDGAR

accession 0000105634-25-000006

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