EMCOR Group, Inc. Acquires Team Mechanical, Inc. In Buffalo Grove, IL
--- - Acquisition Continues Growth and Expanded Client Service Offerings In Chicagoland Area ---
NORWALK, CT, March 11, 2009 - EMCOR Group, Inc. (NYSE: EME), a Fortune 500 leader in mechanical and electrical construction, energy infrastructure and facilities services for a diverse range of businesses, today announced that it had acquired Team Mechanical, Inc., a leading mechanical contractor and service provider headquartered in Buffalo Grove, Illinois. Terms of the transaction were not disclosed.
Founded in 1995, Team Mechanical performs HVAC installation, industrial process, design-build and mechanical services for commercial, industrial, educational, institutional and healthcare clients in the Chicago area and throughout the Midwest.
Team Mechanical will be joined with EMCOR Services Midwest, an EMCOR mechanical services company. Based in Elmhurst, Illinois, EMCOR Services Midwest is a leading commercial and industrial heating, ventilating, and air-conditioning (HVAC) mechanical service company in the region.
"We are excited about the skills and synergies that Team Mechanical brings to EMCOR Services Midwest,” stated Ralph Pfeifer, President of EMCOR Services Midwest. “We will now be able to offer our clients an even greater array of value added services. “
"We are delighted to become part of EMCOR and combine forces with the EMCOR Services Midwest team," said Robert Doessel, one of the founders and President of Team Mechanical. "Team Mechanical has a tradition of performance and client service that is a perfect match with EMCOR's culture. We are all very excited about the future and continuing to serve our clients with excellence."
About EMCOR Group, Inc.
A Fortune 500 company with estimated 2009 base revenues of $6.0 - $6.3 billion, EMCOR Group, Inc. (NYSE: EME) is a global leader in mechanical and electrical construction, energy infrastructure, and facilities services. EMCOR gives life to new structures and sustains life in existing ones by its planning, installing, operating and maintaining the sophisticated and dynamic systems that create facility environments---such as electrical, mechanical, lighting, air conditioning, heating, security and power generation systems---in virtually every sector of the economy and for a diverse range of businesses. EMCOR represents a rare combination of broad reach with local execution, combining the strength of an industry leader with the knowledge and care of 170 locations. The 28,000 skilled employees of EMCOR have made the company, in the eyes of leading business publications, amongst America’s “Most Admired” and “Best Performing.” EMCOR’s diversity---in terms of the services it provides, the industries it serves and the geography it spans---has enabled it to create a stable platform for sustained results. The Company’s strong financial position has enabled it to attract and retain among the best local and regional talent, to undertake and complete the most ambitious projects, and to redefine and shape the future of the construction and facilities services industry. Additional information on EMCOR can be found at www.EMCORGroup.com.
