M&A
confidence high
sentiment positive
materiality 0.80
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.