EMCOR to Acquire Miller Electric Company for $865M - Modern Distribution Management

EMCOR to Acquire Miller Electric Company for $865M

Jacksonville, FL-based Miller Electric is a provider of electrical services expected to generate approximately $805 million in 2024 revenue.
EMCOR Logo

Norwalk, CT-based specialty construction services provider EMCOR agreed to acquire Miller Electric Company for $865 million in cash.

The transaction is expected to close in the first half of 2025.

MDM Case Study: Wesco (free for Premium) 

Jacksonville, FL-based Miller Electric is a contracted electrical services provider, serving customers throughout the Southeastern U.S. The company designs, installs, maintains, upgrades and replaces complex electrical systems across a range of industries, including data centers, manufacturing and healthcare. The company serves over 1,000 clients across 21 branch locations and 3,500 employees.Miller Electric Solutions

EMCOR is a supplier of mechanical and electrical construction, industrial and energy infrastructure and building services. The company is affiliated with a range of commercial construction, mechanical, electrical facilities management, building commissioning, HVAC, life safety and energy associations, including Associated Builders & Contractors, British Safety Council, International Facility Management Association and more. EMCOR reported a 2023 revenue of $12.6 billion.

See MDM’s Investment Bank Directory for a rundown of the key investment banks and advisory firms in the distribution sector. 

Approximately 90% of the Miller Electric’s revenue comes from Florida and the broader Southeastern U.S. EMCOR anticipates Miller Electric will generate approximately $805 million in revenue and around $80 million in adjusted EBITDA for the 2024 calendar year. As of November 2024, the company had $755 million in remaining performance obligations.

“The addition of Miller Electric expands EMCOR’s electrical capabilities through their suite of comprehensive, mission-critical services and bolsters our already strong presence in high-growth areas including data centers, manufacturing and healthcare,” EMCOR Chairman, President and CEO Tony Guzzi said in a Jan. 14 news release. “With a complementary geographic footprint, this transaction enables us to enhance our ‘local execution, national reach’ strategy as we broaden our overall construction services platform. Importantly, Miller Electric is also a great fit with our EMCOR Values and culture of operational excellence with their 97-year track record of safety and innovation.”

Take MDM’s 2025 Trends Survey: Help shape our editorial content and be entered to win a $100 gift card 

After the acquisition is finalized, Miller Electric will join EMCOR’s Electrical Construction Services segment, led by Dan Fitzgibbons, President and CEO of EMCOR Electrical Construction Services. Henry Brown will continue as CEO of Miller Electric, with the current leadership team remaining in place. Miller Electric will maintain its headquarters.

EMCOR said details of the transaction will be issued in its fourth quarter and full-year 2024 financial earnings release on Feb. 26.

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!