Oct 15 2010
EMCOR Group, Inc. (NYSE: EME) today announced that it has acquired Harry Pepper & Associates, Inc. (Pepper), a privately held government infrastructure project company headquartered in Jacksonville, Florida. Terms of the transaction were not disclosed.
Pepper, with 2010 estimated revenues of approximately $100 million, is a leading infrastructure company offering diversified prime contracting services to Federal and State government agencies and local municipalities. Having been in business since 1918, Pepper has a strong relationship with clients such as the Department of the Navy, the Army Corps of Engineers, the Department of the Air Force, the U.S. Marine Corps., and various municipalities, townships and cities in the state of Florida.
With an estimated current backlog of $150 million, Pepper’s expertise in large complex infrastructure and building projects includes, civil engineering, excavation and land clearing, steel erection and concrete forming, and self-performed mechanical services. Projects include large water, wastewater and storm water treatment facilities, dock repair, levee and canal restoration, pumping stations, as well as other infrastructure and building facilities.
Commenting on the announcement, Tony Guzzi, President and Chief Operating Officer of EMCOR Group, stated, “We are pleased that Pepper has joined EMCOR. Pepper has leading positions with large government agencies, is a go-to water infrastructure provider for the State of Florida, and will be a valuable addition to EMCOR’s government services capabilities.”
David L. Pepper, President of Pepper, said, “We are delighted to join with EMCOR, an industry leader in specialty construction, operational and maintenance services and energy infrastructure. Pepper’s 90+ year tradition of providing comprehensive infrastructure services to its customers aligns with EMCOR’s strategy of increasing its portfolio of services to government agencies. We are excited about our future prospects as part of EMCOR’s government group and EMCOR in total.”
Mr. Guzzi continued, “Our government clients are asking us to do more for them, and adding Pepper’s capabilities to our skill sets allows us to differentiate ourselves from other government service providers. With the addition of Pepper, EMCOR’s government services group has increased its bandwidth to offer the entire gamut of both construction and operational and maintenance services. Simply put, our government group’s management team has gotten stronger while its array of services has expanded -- a very powerful combination.”
Source: http://www.emcorgroup.com/