EMCOR completed its acquisition of all outstanding capital stock of Miller Electric Company from the Sellers on February 3, 2025, for $865 million in cash, subject to customary adjustments. As a result, Miller Electric became a wholly-owned subsidiary of the company.

1. 01

   EMCOR completed its acquisition of all outstanding capital stock of Miller Electric Company from the Sellers on February 3, 2025, for $865 million in cash, subject to customary adjustments. As a result, Miller Electric became a wholly-owned subsidiary of the company.

2. 02

   The company described Miller Electric as a leading electrical contractor serving high-growth areas across the Southeastern U.S. It said it expects Miller Electric to generate revenue of about $805 million and Adjusted EBITDA of about $80 million in calendar 2024.

3. 03

   The company said it funded the transaction with cash on hand. It also said Miller Electric will operate within the Electrical Construction Services segment, its leadership team will remain in place, and it will continue to be headquartered in Jacksonville, Florida.

4. 04

   The company said the transaction is expected to be modestly accretive to earnings per share in 2025, with further accretion in future years. It said it will discuss the acquisition when it reports results on February 26, 2025 for Q4 2024 and full-year results.

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Original filing

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