FMI Advises ECM in Sale to EMCOR Group
FMI Capital Advisors is pleased to announce the sale of ECM Holding Group, Inc. (ECM) to EMCOR Group, Inc. (EMCOR). FMI Capital Advisors served as the exclusive financial advisor to ECM for this transaction.
Founded in 2009, and headquartered in Oshkosh, Wisconsin, ECM is a leading national provider of energy efficiency retrofit services, with specific business units dedicated to offering a variety of HVAC, lighting, water, weatherization and airflow management solutions. With 2023 estimated revenues of $60 million, ECM’s innovative turn-key energy conservation solutions are delivered cost-effectively with third party-reviewed energy projections, professional project management, and a comprehensive measurement and verification program.
Mike Bordes, president and Chief Executive Officer of EMCOR Building Services, commented, “ECM further strengthens EMCOR’s position in energy efficiency specialty services and expands our nationwide bundled energy conservation and sustainability solutions portfolio. Additionally, the leadership team of ECM brings a wealth of experience in serving Energy Services Companies (ESCOs) to EMCOR, including deep relationships with some of the nation’s largest commercial and industrial companies. Furthermore, ECM’s ability to identify, validate and self-implement multiple energy conservation measures offers a streamlined and replicable approach for our customers to achieve their sustainability goals.”
“Joining a proven industry leader in EMCOR that shares our commitment to operational excellence, customer loyalty and employee safety is a great opportunity for everyone at ECM,” stated Erik Larson, Chief Executive Officer of ECM. “EMCOR is a natural home for ECM, and we look forward to delivering sustainable growth and exceptional customer value as part of EMCOR.”
ABOUT ECM
ECM Holding Group, Inc. provides a suite of energy conservation services, technologies, and solutions to the leading Energy Services Companies (ESCOs) and corporate clients in North America. To learn more, visit www.echholdinggroup.com
ABOUT EMCOR
EMCOR Group, Inc. is a Fortune 500 leader in mechanical and electrical construction services, industrial and energy infrastructure and building services. For more information, please visit www.emcorgroup.com
About FMI Capital Advisors
FMI Capital Advisors has fully dedicated and deeply experienced investment banking teams advising clients on merger and acquisition (M&A) transactions across the built environment. We maximize value for our clients through our deep market knowledge, strong technical expertise and an unparalleled network of industry relationships. For more information, visit FMI Capital Advisors.
FMI Capital Advisors Contacts:
Andrew Henderson
Managing Director
[email protected]
303.398.7230
Tim Huckaby
President, FMI Capital Advisors
[email protected]
303.398.7265
Russell Clarke
Director
[email protected]
303.398.7213