EMCOR Group Completes Sale of EMCOR UK to OCS Group for £190 Million

Reuters12-01
EMCOR Group Completes Sale of EMCOR UK to OCS Group for £190 Million

EMCOR Group, Inc. has completed the sale of its UK subsidiary, EMCOR Group $(UK)$ plc, to OCS Group UK Limited for an enterprise value of approximately £190 million, or about $250 million. The transaction is intended to provide EMCOR with increased financial flexibility to grow its U.S. electrical and mechanical construction and services businesses, including through potential acquisitions. EMCOR expects the sale to be modestly accretive to its operating margin profile. The EMCOR UK team will join OCS, expanding the combined company's scale and capabilities across critical sectors.

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