8-KMaterial AgreementsExhibits & Filings

EMCOR Group, Inc. 8-K Report, Material Agreement (Jun 18, 2013)

Filed June 18, 2013For Securities:EME

Summary

EMCOR Group, Inc. has entered into a significant definitive agreement to acquire RepconStrickland, Inc. for approximately $455 million in cash. This acquisition, detailed in an 8-K filing on June 18, 2013, is a strategic move by EMCOR to expand its operations. The transaction is expected to be funded through a combination of existing cash reserves and borrowings under its revolving credit facility, indicating a balanced approach to financing the growth initiative. Investors should note that the closing of this deal is contingent upon standard conditions, including regulatory approval under the Hart-Scott-Rodino Antitrust Improvements Act and the absence of any material adverse effects on RepconStrickland. This acquisition represents a material development for EMCOR, signaling its commitment to strategic growth and market consolidation within its industry. Further details regarding the financial impact and integration plans are anticipated as the transaction progresses.

Key Highlights

  • 1EMCOR Group, Inc. agreed to acquire RepconStrickland, Inc. for approximately $455 million in cash.
  • 2The acquisition is financed through a combination of available cash and borrowings under the Company’s revolving credit facility.
  • 3The transaction is subject to customary closing conditions, including regulatory approval.
  • 4Key regulatory approval required is under the Hart-Scott-Rodino Antitrust Improvements Act.
  • 5The deal involves the acquisition of all outstanding capital stock of RepconStrickland, Inc. and its subsidiaries.
  • 6This filing was made on June 18, 2013, detailing an agreement entered into on June 17, 2013.

Frequently Asked Questions

This 8-K filing announces a material definitive agreement entered into by EMCOR Group, Inc. to acquire RepconStrickland, Inc. for approximately $455 million in cash.

EMCOR plans to finance the acquisition using a combination of its available cash on hand and borrowings under its existing revolving credit facility.

Yes, the consummation of the transaction is subject to customary closing conditions. These include the expiration or termination of waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act and ensuring there is no material adverse effect on RepconStrickland.

The filing does not explicitly state the business operations of RepconStrickland, Inc. However, the context of EMCOR Group, Inc., which is a leader in mechanical and electrical construction, energy, and facilities services, suggests RepconStrickland likely operates within a related industrial or service sector.