Michael W. Shelton P.E., President of EMCOR Government Services, Named Co-chairman of Newly Formed Professional Services Council
NORWALK, CONNECTICUT, December 13, 2007 - 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 globally, announced today that Michael W. Shelton P.E., President of EMCOR Government Services, has been named Co-Chairman of the newly expanded Professional Services Council (PSC).
The memberships of the PSC and the Contract Services Association of America (CSA) agreed on December 12 to merge into a unified organization to represent the interests of, and advocate for, the federal government services industry. Mr. Shelton was previously Chairman of the Executive Board of CSA.
“EMCOR has long had a prominent leadership role in the operation and maintenance of some of the U.S. Government’s most important operating bases and high performance buildings. As such, I have always had an interest in providing a voice for our industry,” said Mr. Shelton. “My longstanding involvement with CSA, and my new role at PSC, reflect EMCOR’s commitment to maintaining and enhancing an environment in which we and our colleagues can continue to thrive and excel.”
The combined entity of PSC will represent more than 330 small, medium, and large businesses that provide federal agencies with services of all kinds including information technology, logistics, operations and maintenance, engineering, international development, environmental services, facilities management, and more. The association’s members together employ hundreds of thousands of people and operate in every state.
The merger, which will be effective on or about January 1, 2008, will enable: efficient and effective utilization of industry wide assets and support for the benefit of the membership; enhanced advocacy capabilities and effectiveness for the benefit of the industry; policies, governance, and an operational structure that represent the full range and diversity of the industry including company sizes and industry segments; and staffing that capitalizes on the respective strengths of each legacy organization.
About EMCOR Group, Inc.
A Fortune 500 company with over $5.0 billion in annual revenues, 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 around the world. EMCOR represents a rare combination of global reach with local execution, combining the strength of an industry leader with the knowledge and care of 140 locations worldwide. The 27,000 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.
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 2006 Form 10-K, its Form 10-Q for the third quarter ended September 30, 2007, 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.
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EMCOR GROUP, INC.
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