EMCOR Group Announces All-Cash Acquisition of P1 Construction
EMCOR Group (EME) has entered into a definitive agreement to acquire P1 Construction through an all-cash transaction. While the specific financial terms and purchase price were not disclosed, the acquisition is expected to significantly bolster EMCOR's revenue streams. P1 Construction is projected to contribute between $600 million and $650 million in revenue by 2026, alongside approximately $60 million in adjusted EBITDA. This strategic move aims to expand EMCOR's market presence and service capabilities within the construction sector.
Tickers: $EME
Topics: acquisition EBITDA revenue growth