OCS Group signs agreement to acquire EMCOR UK

EMCOR Group, Inc. has entered into a definitive agreement to sell EMCOR Group (UK) plc, the company’s United Kingdom building services segment, to OCS Group UK Ltd for a total enterprise value of approximately £190 million, equivalent to $255 million at current exchange rates.

Tony Guzzi, Chairman, President and Chief Executive Officer of EMCOR, said: “With the sale of EMCOR UK, we are accelerating our ‘local execution, national reach’ strategy to further focus our business across our large, diverse and attractive end markets in the United States, where we continue to see significant opportunity. We have a lot of momentum in the business and intend to use the proceeds from this sale to expand our electrical and mechanical construction and mechanical services businesses, including through disciplined acquisitions, to provide customers with more comprehensive service offerings. We are grateful to our EMCOR UK team members who have made this milestone possible and are confident OCS has the resources and expertise to support EMCOR UK’s continued success.”

Rob Legge, Chief Executive Officer of OCS, added: “EMCOR UK has built an impressive UK technical services business, with proven expertise in complex and critical environments. We see strong strategic and cultural alignment and look forward to working together through the transition to ensure a smooth and consistent experience for colleagues and customers.”

Transaction details

Under the terms of the agreement, OCS will acquire EMCOR UK through OCS’s wholly-owned UK subsidiary. The transaction was unanimously approved by the boards of directors of both companies and is expected to close by the end of 2025, subject to UK National Security and Investment (NSIA) clearance.

https://ocs.com/uk/