Emcor Completes Sale of UK Biz
Contributed by BSM Staff

NORWALK, CT -- EMCOR Group, Inc. has completed its previously announced sale of its UK business to OCS Group UK Limited for a total enterprise value of approximately $250 million.

“The completion of the sale of EMCOR UK marks another milestone in accelerating our ‘local execution, national reach’ strategy, which enables us to sharpen our focus on large, diverse and attractive end markets in the United States,” said Tony Guzzi, Chairman, President and Chief Executive Officer of EMCOR. “We remain committed to delivering exceptional, comprehensive offerings for our customers that build, power, service and protect facilities and critical infrastructure across the country.”

The sale of EMCOR UK provides further financial flexibility for EMCOR to strategically grow its business.

The company intends to use proceeds from the sale to expand EMCOR’s electrical and mechanical construction and mechanical services businesses, including through disciplined acquisitions. The transaction is expected to be modestly accretive to EMCOR’s operating margin profile.

“We are excited to officially welcome the talented EMCOR UK team to OCS,” said Rob Legge, Chief Executive Officer of OCS. “Together, we will have the combined scale, technical depth and enhanced capabilities to deliver an even broader offering for customers across critical sectors, while building on our shared culture of safety and operational excellence.”

Evercore served as financial advisor to EMCOR, and Ropes & Gray LLP served as its legal advisor. Weil, Gotshal & Manges LLP served as legal advisor to OCS.

EMCOR Group, Inc. is a provider of mechanical and electrical construction services, industrial and energy infrastructure, and building services.

For more information, go to www.emcorgroup.com.

OCS is a £3 billion integrated facilities management company employing more than 130,000 worldwide. Headquartered in the UK, OCS operates nationwide and in Ireland, with a broad international footprint across Asia Pacific and the Middle East.

The company delivers hard services, energy management and transition, security, cleaning, catering, and additional support services such as landscaping and pest control, to over 8,000 customers across the public and private sectors. Founded in 1900, OCS combines 125 years of operational expertise with a people-first, technology-enabled approach that enhances performance, reduces risk, and creates the best outcomes for colleagues, customers, and communities.

Learn more at https://ocs.com/