Emcor

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search

Template:Short description Script error: No such module "Infobox".Template:Template otherTemplate:Main otherScript error: No such module "Check for clobbered parameters".Script error: No such module "Check for unknown parameters". EMCOR Group, Inc., headquartered in Norwalk, Connecticut, provides mechanical and electrical construction, industrial and energy infrastructure, and building services in the United States and the United Kingdom. It has over 100 operating subsidiaries and approximately 180 locations. The company is ranked 324th on the Fortune 500.[1] In 2024, the company was ranked 2nd by Engineering News-Record on its list of the top 600 specialty contractors.[2]

The company's electrical and mechanical construction services division, representing 67% of revenues in 2024, provides construction and operation services for infrastructure such as power stations, including those that provide sustainable energy such as photovoltaic systems; food processing; road lighting and traffic control systems, and other heavy construction projects.[3]

The company's building services division, which represented 24% of revenues in 2024, maintains mechanical systems such as HVAC, plumbing, fire safety, automation, energy, and air quality. Notable government agencies that the company provides services for include the National Archives and Records Administration, the Federal Deposit Insurance Corporation, the Government Accountability Office, and the departments of Transportation, Education, Health and Human Services, Energy, and Homeland Security, as well as the NASA Jet Propulsion Laboratory.[3]

The company's industrial services segment, which represented 9% of revenues in 2024, handles maintenance of oil refineries and other petrochemical processing plants. It is also leveraging its expertise to construct and maintain facilities related to sustainable energy and carbon capture and storage.[3]

The company has experienced growth as a result of increased demand for systems due to growth in digital processing, cloud computing, and data storage. It has benefited from the increased usage of data centers, energy transition, focuses on efficiency and sustainability, and reshoring and nearshoring.[3]

History

In 1994, Jamaica Water Properties filed for bankruptcy after making making acquisitions unrelated to its core business and incurring significant debt. Frank MacInnis became CEO of the company, sold many of the businesses and renamed the remaining company as Emcor. The company also added facilities management services to provide a steady revenue stream.

As of 2001, since the restructuring was completed in December 1994, the company had realized 27 consecutive quarters of year-over-year revenue growth.[4]

McInnis retired as CEO in January 2011[5] and as chairman in 2015.[6]

Acquisitions

# Year Company Price Description of Assets Ref(s).
1 Template:Dts 19 companies from Comfort Systems USA $186 million [7]
2 Template:Dts Consolidated Engineering Services $178 million Parent of Cincinnati-based Viox Services [8]
3 Template:Dts Fluidics Mechanical services company based in Philadelphia, Pennsylvania [9]
4 Template:Dts Comunale Fire protection and mechanical services company headquartered in Akron, Ohio [10]
5 Template:Dts Ohmstede $455 million Heat exchanger services provider [11]
6 Template:Dts Scalise Industries Engineering, facilities maintenance, and service company headquartered in Lawrence, Pennsylvania [12]
7 Template:Dts Bahnson Holdings Mechanical construction services company headquartered in Winston-Salem, North Carolina [13]
8 Template:Dts Southern Industrial Constructors Industrial services contractor [14]
9 Template:Dts RepconStrickland $455 million U.S. industrial and refinery service provider [15]
10 Template:Dts Ardent Services and Rabalais Constructors $205 million U.S. industrial and refinery electrical and instrumentation service provider [16]
11 Template:Dts Newcomb and Company HVAC commercial and industrial mechanical contractor [17]
12 Template:Dts CCI Mechanical Mechanical service and design-build contractor for the commercial, industrial, and data center markets headquartered in Salt Lake City [18]
13 Template:Dts Quebe Holdings Electrical services company [19]
14 Template:Dts Miller Electric $865 million Electrical contractor operating in the Southeastern U.S. [20]

Controversies

Data breach

In March 2020, the company disclosed that a ransomware incident had affected some of its IT systems on February 15, 2020. The incident was identified as an infection with Ryuk ransomware. Details about the incident were not disclosed, including whether or not the company paid the ransom demand.[21]

References

Template:Reflist

Template:S&P 400 companies Template:Authority control

  1. Script error: No such module "citation/CS1".
  2. Script error: No such module "citation/CS1".
  3. a b c d Cite error: Invalid <ref> tag; no text was provided for refs named 10K
  4. Script error: No such module "citation/CS1".
  5. Script error: No such module "citation/CS1".
  6. Script error: No such module "citation/CS1".
  7. Script error: No such module "citation/CS1".
  8. Script error: No such module "citation/CS1".
  9. Script error: No such module "citation/CS1".
  10. Script error: No such module "citation/CS1".
  11. Script error: No such module "citation/CS1".
  12. Script error: No such module "citation/CS1".
  13. Script error: No such module "citation/CS1".
  14. Script error: No such module "citation/CS1".
  15. Script error: No such module "citation/CS1".
  16. Script error: No such module "citation/CS1".
  17. Script error: No such module "citation/CS1".
  18. Script error: No such module "citation/CS1".
  19. Script error: No such module "citation/CS1".
  20. Script error: No such module "citation/CS1".
  21. Script error: No such module "citation/CS1".