8-KAcquisitions & DispositionsExhibits & Filings

EMCOR Group, Inc. 8-K Report, Acquisition Completed (Jul 29, 2013)

Filed July 29, 2013For Securities:EME

Summary

EMCOR Group, Inc. (EME) announced the completion of its acquisition of RepconStrickland, Inc. on July 29, 2013. This strategic move brings RepconStrickland, a key provider of turnaround and specialty services to the North American refinery and petrochemical markets, under EMCOR's wholly owned subsidiary umbrella. The acquisition, valued at approximately $455 million, is expected to enhance EMCOR's market position and service offerings within these critical industrial sectors. Investors should note that a significant portion of the purchase price, $25,750,000, has been placed in escrow to cover potential indemnification obligations from the sellers. This transaction represents a substantial investment by EMCOR and signals a clear intent to expand its capabilities and revenue streams in the energy infrastructure services space. Further details regarding the financial impact and integration plans are anticipated.

Key Highlights

  • 1EMCOR Group, Inc. has completed the acquisition of RepconStrickland, Inc.
  • 2RepconStrickland is a provider of turnaround and specialty services for the North American refinery and petrochemical markets.
  • 3The acquisition was finalized on July 29, 2013.
  • 4The total purchase price was approximately $455 million.
  • 5A portion of the purchase price ($25,750,000) has been placed in escrow for indemnification obligations.
  • 6RepconStrickland will operate as a wholly owned subsidiary of EMCOR.

Frequently Asked Questions

The acquisition of RepconStrickland significantly expands EMCOR's presence and capabilities within the North American refinery and petrochemical markets. RepconStrickland specializes in recurring turnaround and specialty services, which are critical for maintaining and upgrading these industrial facilities. This move is expected to bolster EMCOR's service offerings and market share in a key sector.

The total amount paid for RepconStrickland was approximately $455 million.

Yes, $25,750,000 of the purchase price has been placed into an escrow account. This amount serves to secure certain indemnification obligations of the sellers, RepconStrickland's previous owners.

RepconStrickland offers a range of services including shutdowns, overhauls, revamps, capital projects, engineering and constructability reviews, project management, welding, refractory services, tower services, and emergency repair for the refinery and petrochemical industries.