EMCOR Group to acquire Ohmstede from First Reserve for $457M

EMCOR Group, Inc. entered into a definitive agreement to acquire FR X Ohmstede Acquisitions Co. (Ohmstede) from FR X Ohmstede Holdings LLC, a portfolio company of private equity firm First Reserve Corporation, for approximately $457 million in cash. The acquisition will be financed through available cash and up to $350 million in debt financing.

“On August 20, 2007, EMCOR Group, Inc. (the “Company”), a Delaware corporation, entered into a Purchase and Sale Agreement (the “Purchase Agreement”) with FR X Ohmstede Holdings LLC, a Delaware limited liability company (“Ohmstede Holdings”), for the Company to acquire all of the outstanding capital stock of FR X Ohmstede Acquisitions Co., a Delaware corporation (along with its subsidiaries, “Ohmstede”), in exchange for approximately $457 million in cash to be paid to Ohmstede Holdings. Ohmstede Holdings is a portfolio company of private equity firm First Reserve Corporation.”

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