EMCOR Group, Inc. Company Awarded Contract For Construction Of New Electrical Generator Facility For City Of West Palm Beach, Florida
NORWALK, CONNECTICUT, March 15, 2012 - EMCOR Group, Inc. (NYSE: EME), a Fortune 500® leader in mechanical and electrical construction, energy infrastructure and facilities services for a diverse range of businesses, announced that its subsidiary Poole & Kent Company of Florida has been awarded a contract for the construction of a new electrical generator plant for the City of West Palm Beach, Florida, at its existing operating water treatment plant.
Poole & Kent of Florida will be responsible for all aspects of the construction of the project, including all related site preparation and improvements. The scope of work includes providing standby diesel generators and associated switchgear and appurtenances, bulk fuel storage systems and related equipment, and numerous modifications and upgrades to electrical and mechanical systems in various buildings throughout the existing plant. Work will be performed on the existing plant, which will require complex phasing, sequencing, and scheduling as to not jeopardize the efficiency of water treatment and minimize disruption to existing facilities.
"We are delighted to be working on this important facility for the City of West Palm Beach," stated Patrick Carr, President and CEO, Poole & Kent of Florida. "Poole & Kent’s depth of experience and expertise uniquely suit the company for the multi-faceted scope of work required for this project, and we are pleased to have this opportunity to serve the needs of the people of South Florida in a manner that will be both meaningful and enduring."
About EMCOR Group, Inc.
A Fortune 500 company with estimated 2012 revenues of ~$6.0B, EMCOR Group, Inc. (NYSE: EME) is a leader in mechanical and electrical construction, energy infrastructure, and facilities services. A provider of critical infrastructure systems, EMCOR gives life to new structures and sustains life in existing ones by its planning, installing, operating, maintaining, and protecting the sophisticated and dynamic systems that create facility environments---such as electrical, mechanical, lighting, air conditioning, heating, security, fire protection, and power generation systems---in virtually every sector of the economy and for a diverse range of businesses, organizations and government. EMCOR represents a rare combination of broad reach with local execution, combining the strength of an industry leader with the knowledge and care of 170 locations. The ~26,000 skilled employees of EMCOR have made the company, in the eyes of leading business publications, amongst the “World’s Most Admired” and “Best Managed”. EMCOR’s diversity---in terms of the services it provides, the industries it serves and the geography it spans---has enabled it to create a stable platform for sustained results. The Company’s strong financial position has enabled it to attract and retain among the best local and regional talent, to undertake and complete the most ambitious projects, and to redefine and shape the future of the construction and facilities services industry. Additional information on EMCOR can be found at www.EMCORGroup.com.
This release may contain certain forward-looking statements within the meaning of the Private Securities Reform Act of 1995. Any such comments are based upon information available to EMCOR management and its perception thereof, as of this date, and EMCOR assumes no obligation to update any such forward-looking statements. These forward-looking statements may include statements regarding market opportunities, market share growth, gross profit, backlog mix, projects with varying profit margins, and selling, general and administrative expenses. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Accordingly these statements are no guarantee of future performance. Such risk and uncertainties include, but are not limited to, adverse effects of general economic conditions, changes in the political environment, changes in the specific markets for EMCOR’s services, adverse business conditions, availability of adequate levels of surety bonding, increased competition, unfavorable labor productivity and mix of business. Certain of the risks and factors associated with EMCOR’s business are also discussed in the Company’s 2011 Form 10-K and in other reports filed from time to time with the Securities and Exchange Commission. All these risks and factors should be taken into account in evaluating any forward-looking statements.