EMCOR to sell UK unit to OCS Group for $255 million

NORWALK, Conn. - EMCOR Group, Inc. (NYSE:EME), a prominent player in the Construction & Engineering industry with a market capitalization of $28.86 billion, announced Wednesday it has entered into a definitive agreement to sell its United Kingdom building services segment, EMCOR UK, to OCS Group UK Limited for approximately £190 million ($255 million at current exchange rates). According to InvestingPro analysis, EMCOR is currently trading near its Fair Value, demonstrating strong financial health with an overall score of "GREAT."

The transaction, unanimously approved by both companies’ boards of directors, is expected to close by the end of 2025, subject to UK National Security and Investment clearance.

EMCOR Chairman, President and CEO Tony Guzzi said the sale would accelerate the company’s "local execution, national reach" strategy to focus on U.S. markets where it sees significant opportunity. The company plans to use proceeds to expand its electrical and mechanical construction and mechanical services businesses, including through acquisitions.

"We are grateful to our EMCOR UK team members who have made this milestone possible," Guzzi said in the press release statement.

OCS CEO Rob Legge noted strategic and cultural alignment between the companies, stating that EMCOR UK has "built an impressive U.K. technical services business, with proven expertise in complex and critical environments."

In fiscal year 2024, EMCOR UK generated approximately $425.5 million in revenue and $21.5 million in operating income. The transaction is expected to be accretive to EMCOR’s operating margin profile, which currently shows a healthy gross profit margin of 19.49%. For detailed financial analysis and additional insights, investors can access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 top US stocks including EMCOR.

OCS is a £3 billion integrated facilities management company employing more than 130,000 people worldwide, operating across the UK, Ireland, Asia Pacific and the Middle East.

Evercore is serving as financial advisor to EMCOR, with Ropes & Gray LLP as legal advisor. Weil, Gotshal & Manges LLP is serving as legal advisor to OCS.

In other recent news, EMCOR Group Inc. reported outstanding financial results for the second quarter of 2025. The company significantly outperformed analysts’ expectations, with an earnings per share (EPS) of $6.72, surpassing the forecasted $5.74. Additionally, EMCOR’s revenue reached $4.3 billion, exceeding the anticipated $4.11 billion. These results highlight the company’s strong financial performance during the quarter. While the stock showed initial volatility following the announcement, the focus remains on the robust earnings and revenue figures. Analysts and investors are closely monitoring these developments as they reflect the company’s current financial health. These recent results from EMCOR Group Inc. provide valuable insights for stakeholders and market observers.

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