EMCOR Enters into Definitive Agreement to Acquire Miller Electric for $865 Million

Deal News | Jan 15, 2025 | Ropes & Gray

EMCOR Group, Inc., a Fortune 500 leader specializing in mechanical and electrical construction services, has entered into a definitive agreement to acquire Miller Electric Company for $865 million in cash. Miller Electric, a prominent electrical contractor serving high-growth areas in the southeastern United States, is poised to enhance EMCOR's capabilities in electrical construction services. The deal was announced through a press release on January 14, and Ropes & Gray served as the legal advisor for EMCOR in this transaction. This acquisition underscores EMCOR's strategic expansion in high-growth regions and aims to bolster its service offerings in the industrial and energy infrastructure domains.

Sectors

Construction Services
Energy Infrastructure
Electrical Contracting

Geography

United States – EMCOR and Miller Electric operate in the U.S., with the transaction highlighting growth in the southeastern region.
Southeastern United States – Miller Electric serves high-growth areas in this region, which is a focus of the acquisition.

Industry

Construction Services – The acquisition involves EMCOR, which is a leader in mechanical and electrical construction services.
Energy Infrastructure – EMCOR's services span industrial and energy infrastructure, indicating its involvement in this sector.
Electrical Contracting – Miller Electric, the company being acquired, is a leading electrical contractor.

Financials

$865 Million – The cash amount EMCOR is paying to acquire Miller Electric.

Participants

Name	Role	Type	Description
EMCOR Group Inc.	Bidding Company/Buyer	Company	A Fortune 500 company specializing in mechanical and electrical construction services.
Miller Electric Company	Target Company	Company	A leading electrical contractor serving high-growth areas in the southeastern United States.
Ropes & Gray	Legal Advisor	Company	Legal advisor for EMCOR in the acquisition transaction.