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EMCOR Acquires Gaston Electrical For Undisclosed Sum

EMCOR Acquires Gaston Electrical For Undisclosed Sum

EMCOR 以未公開的金額收購 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.紐約證券交易所代碼：EME）收購了總部位於馬薩諸塞州諾伍德的Gaston Electrical Co., LLC。交易條款未披露。
  • Gaston 成立於 1934 年，是一家提供全方位服務的電氣建築和低壓承包商。它設計、安裝、建造和維護各種項目的電氣和低壓系統。
  • 加斯頓估計，22財年的收入約爲1.4億美元，剩餘未履行的履約義務約爲1.2億美元。
  • 此次收購將加強EMCOR在大波士頓地區的專業建築服務業務。
  • EMCOR電氣施工服務部門總裁兼首席執行官Dan Fitzgibbons評論說：“隨着加斯頓團隊的加入，我們很高興擴大我們在東北地區的足跡。該團隊在爲EMCOR的許多核心終端市場（包括生命科學設施和數據中心）提供服務方面帶來了重要的能力和專業知識。”
  • 截至2022年6月30日，EME持有的現金及現金等價物爲2.6237億美元。
  • 價格走勢：週二最後一次支票顯示，EME股價上漲0.02％，至114.86美元。
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