EMCOR Group Completes Asset Acquisition
Ticker: EME · Form: 8-K · Filed: Feb 3, 2025 · CIK: 105634
Sentiment: neutral
Topics: acquisition, assets
TL;DR
EMCOR just bought stuff, deal closed Feb 3rd.
AI Summary
On February 3, 2025, EMCOR Group, Inc. filed an 8-K report detailing the completion of an acquisition. The filing indicates that the company has finalized the purchase of assets, though specific details regarding the acquired entity or the transaction's financial value are not provided in this excerpt.
Why It Matters
This filing signals a strategic expansion or integration for EMCOR Group, Inc. through the acquisition of new assets, which could impact its market position and future revenue streams.
Risk Assessment
Risk Level: low — The filing is a standard disclosure of an asset acquisition completion, with no immediate negative indicators.
Key Players & Entities
- EMCOR Group, Inc. (company) — Registrant
- February 3, 2025 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of Incorporation
- Norwalk, Connecticut (location) — Address of Principal Executive Offices
FAQ
What specific assets did EMCOR Group, Inc. acquire?
The provided excerpt does not specify the exact nature or details of the assets acquired.
What was the financial value of the acquisition?
The filing excerpt does not disclose the dollar amount or financial terms of the acquisition.
Who was the seller in this asset acquisition?
The identity of the seller is not mentioned in the provided text.
When was the agreement for this acquisition originally made?
The filing excerpt only reports the completion date of the acquisition, not the date of the initial agreement.
Are there any conditions that needed to be met for the acquisition to close?
This specific excerpt does not detail any closing conditions for the acquisition.
Filing Stats: 694 words · 3 min read · ~2 pages · Grade level 10.1 · Accepted 2025-02-03 11:13:05
Key Financial Figures
- $865 million — ship of Miller Electric in exchange for $865 million in cash, subject to customary adjustmen
Filing Documents
- eme-20250203.htm (8-K) — 34KB
- eme-ex21_20250203x8k.htm (EX-2.1) — 737KB
- eme-ex991_20250203x8k.htm (EX-99.1) — 17KB
- imageba.jpg (GRAPHIC) — 12KB
- 0000105634-25-000006.txt ( ) — 1045KB
- eme-20250203.xsd (EX-101.SCH) — 2KB
- eme-20250203_lab.xml (EX-101.LAB) — 21KB
- eme-20250203_pre.xml (EX-101.PRE) — 12KB
- eme-20250203_htm.xml (XML) — 3KB
01. Completion of Acquisition or Disposition of Assets
Item 2.01. Completion of Acquisition or Disposition of Assets. On February 3, 2025, EMCOR Group, Inc. (the "Company"), completed its acquisition of all of the issued and outstanding capital stock of Miller Electric Company, a Florida corporation ("Miller Electric"), pursuant to a Stock Purchase Agreement (the "Purchase Agreement") dated January 13, 2025, by and among Miller Electric Company Employee Stock Ownership Trust (the "Seller ESOP Trust"), as established and maintained pursuant to the terms of the Miller Electric Company Employee Stock Ownership Plan, acting through Stephen C. James, not in its individual or corporate capacity, but solely in its capacity as trustee of the Seller ESOP Trust and Susan A. Walden Family Voting Trust ("Walden Trust"), the Henry K. Brown Trust I c/u agreement dated 9/24/2012 (the "H. Brown Trust"), the Daniel A. Brown Trust I c/u agreement dated 9/24/2012 (the "D. Brown Trust" together with the Walden Trust and the H. Brown Trust, the "Family Trust Seller"), Miller Electric, Henry K. Brown, solely in his capacity as the representative, agent and attorney-in-fact of Sellers and the Company. The Family Trust Seller 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 electrical contractor serving high growth areas across the Southeastern U.S. The foregoing discussion of the Purchase Agreement does not purport to be complete and is subject to and qualified in its entirety by reference to the full text of such agreement, a copy of which is attached as Exhibit 2.1 and is incorporated by reference into this Item 2.01. A copy of the Company's press release dated February 3, 2025 announcing the completion of the acquisition is attache
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 2.1 Purchase Agreement dated January 13, 2025. 99.1 Press Release dated February 3 , 2025. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. EMCOR Group, Inc. Dated: February 3, 2025 By: /s/ ANTHONY J. GUZZI Anthony J. Guzzi Chairman, President and Chief Executive Officer