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EMCOR Acquires Gaston Electrical For Undisclosed Sum

EMCOR Acquires Gaston Electrical For Undisclosed Sum

EMCOR 以未公开的金额收购 Gaston Electrical
Benzinga Real-time News ·  2022/08/09 16:00
  • EMCOR Group, Inc. (NYSE:EME) has acquired Gaston Electrical Co., LLC, headquartered in Norwood, Massachusetts. Deal terms were not disclosed.
  • Founded in 1934, Gaston is a full-service electrical construction and low voltage contractor. It designs, installs, constructs, and maintains electrical and low voltage systems in various projects.
  • For FY22, Gaston estimates revenues of ~$140 million and remaining unsatisfied performance obligations of ~$120 million.
  • This acquisition will strengthen EMCOR's specialty construction services operations in the Greater Boston area.
  • Dan Fitzgibbons, President, and CEO of EMCOR's Electrical Construction Services Segment, commented, "We are pleased to expand our footprint in the Northeast with the addition of the Gaston team. This group brings important capability and expertise in servicing many of EMCOR's core end markets, including life sciences facilities and data centers."
  • EME held cash and cash equivalents of $262.37 million as of June 30, 2022.
  • Price Action: EME shares are trading higher by 0.02% at $114.86 on the last check Tuesday.
  • EMCOR Group, Inc.纽约证券交易所代码：EME）收购了总部位于马萨诸塞州诺伍德的Gaston Electrical Co., LLC。交易条款未披露。
  • Gaston 成立于 1934 年，是一家提供全方位服务的电气建筑和低压承包商。它设计、安装、建造和维护各种项目的电气和低压系统。
  • 加斯顿估计，22财年的收入约为1.4亿美元，剩余未履行的履约义务约为1.2亿美元。
  • 此次收购将加强EMCOR在大波士顿地区的专业建筑服务业务。
  • EMCOR电气施工服务部门总裁兼首席执行官Dan Fitzgibbons评论说：“随着加斯顿团队的加入，我们很高兴扩大我们在东北地区的足迹。该团队在为EMCOR的许多核心终端市场（包括生命科学设施和数据中心）提供服务方面带来了重要的能力和专业知识。”
  • 截至2022年6月30日，EME持有的现金及现金等价物为2.6237亿美元。
  • 价格走势：周二最后一次支票显示，EME股价上涨0.02％，至114.86美元。
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