NORWALK, CONNECTICUT, February 17, 2010, - EMCOR Group, Inc. (NYSE: EME) today announced that it has acquired Scalise Industries, a privately held company, headquartered in Lawrence, Pennsylvania. Terms of the transaction were not disclosed.
Scalise Industries, with 2009 estimated revenues of approximately $70 million, is a full service engineering, and facilities maintenance and service company providing expertise in mechanical and electrical services, system commissioning, and fire protection services to a broad range of markets including healthcare, commercial, institutional/universities, transportation, and power. Through its "SI Technologies" division, the company provides state-of-the-art integrated building automation solutions, including HVAC, lighting, and access systems. Additionally, Scalise provides complete 24/7 facilities and maintenance services, including emergency repair, scheduled preventive maintenance programs, and break/fix call out repair.
Scalise's +60 year track record of success in delivering high-quality facilities services and specialty construction services has allowed it to maintain long-term relationships with its many customers.
Commenting on the announcement, Anthony J. Guzzi, President and Chief Operating Officer of EMCOR Group, Inc., stated, "We are pleased that Scalise Industries has joined EMCOR. Scalise has a leading position in the greater Pittsburgh marketplace and will be a valuable addition to EMCOR. As a single source provider of a broad array of technical services, Scalise offers clients extensive resources that enable integrated building and industrial infrastructure solutions that enhance the operations of a facility."
Mark R. Scalise, President and CEO, of Scalise Industries said, "We are delighted to join EMCOR, an industry leader in the construction service and maintenance of facilities large and small. Scalise's tradition of customer service aligns with EMCOR's culture of providing core facilities services in a comprehensive manner. We are excited about our future prospects as part of EMCOR."
Mr. Guzzi continued, "Our industry is moving more and more toward energy conservation with sustainable construction and service practices gaining increased prominence. Scalise is a local leader in green building technology and, with LEED Accredited Professionals on staff, have the experience and knowledge to facilitate the LEED certification process. EMCOR is committed to sustainability, and Scalise will seamlessly combine with the Company's several hundred LEED trained professionals, even further enhancing EMCOR's expertise in green technology."
EMCOR Group, Inc. is a Fortune 500® worldwide leader in mechanical and electrical construction services, energy infrastructure and facilities services. This press release and other press releases may be viewed at the Company's Web site at www.emcorgroup.com.
This release may contain certain forward-looking statements within the meaning of the Private Securities Reform Act of 1995. Any such comments are based upon information available to EMCOR management's perception thereof, as of this date, and EMCOR assumes no obligation to update any such forward-looking statements. These forward-looking statements may include statements regarding market opportunities, market share growth, gross profit, project mix, projects with varying profit margins, and selling, general and administrative expenses. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Accordingly these statements are no guarantee of future performance. Such risk and uncertainties include, but are not limited to, adverse effects of general economic conditions, changes in the political environment, changes in the specific markets for EMCOR's services, adverse business conditions, availability of adequate levels of surety bonding, increased competition, unfavorable labor productivity, mix of business, and risks associated with foreign operations. Certain of the risks and factors associated with EMCOR's business are also discussed in the Company's 2008 Form 10-K, its Form 10-Q for the first quarter ended March 31, 2009, and in other reports filed from time to time with the Securities and Exchange Commission. All these risks and factors should be taken into account in evaluating any forward-looking statements.
FD:
Media: Linden Alschuler & Kaplan, Inc.
###
CONTACT:
R. Kevin Matz
Executive VP, Shared Services
(203) 849-7938
Investors: Eric Boyriven
(212) 850-5600
Suzanne Dawson / Cecile Fradkin
212-329-1420
Facebook
Linkedin
YouTube