EMCOR Group, Inc. Announces Agreement to Acquire P1 Construction, LLC
Key Highlights
- ➤EMCOR agrees to acquire P1 Construction in an all-cash transaction; terms undisclosed
- ➤P1 expects 2026 revenue of $600 million-$650 million
- ➤P1 expects approximately $60 million adjusted EBITDA in 2026
- ➤Transaction expected to close in first quarter of 2027, pending approvals
- ➤EMCOR will fund the acquisition through cash on hand
Expert Statements
Tony Guzzi, Chairman, President and Chief Executive Officer of EMCOR
“P1 Construction is an excellent fit for EMCOR, combining a long-standing record of performance and culture of construction innovation with a steadfast commitment to safety, quality and operational excellence.”
Tony Guzzi, Chairman, President and Chief Executive Officer of EMCOR
“P1 has built a strong reputation for delivering highly complex projects, including hyperscale data centers, advanced manufacturing facilities, healthcare systems, and other mission-critical infrastructure.”
Tony Guzzi, Chairman, President and Chief Executive Officer of EMCOR
“P1’s talented teams and expertise in engineering, preconstruction, virtual design and construction, and fabrication will further strengthen EMCOR’s ability to tackle increasingly complex projects and support our customers across critical end markets.”
Bruce Belcher, Chief Executive Officer of P1 Construction
“For over a century, P1 Construction has been driven by a clear purpose: safely and reliably delivering for our customers and the communities we serve.”
Bruce Belcher, Chief Executive Officer of P1 Construction
“Becoming part of EMCOR marks an exciting new chapter for our company and our people.”
Bruce Belcher, Chief Executive Officer of P1 Construction
“EMCOR’s scaled resources and expanded capabilities will create new opportunities for our employees and enable us to better serve our customers.”
Bruce Belcher, Chief Executive Officer of P1 Construction
“We are proud to join an organization that shares our commitment to integrity, investing in our people, and delivering excellence on every project.”
EMCOR Group, Inc. Announces Agreement to Acquire P1 Construction, LLC
P1 Construction LLC’s Track Record of Operational Excellence, Advanced Fabrication Capabilities and Long-Standing Customer Relationships Strengthens EMCOR’s Leading Mechanical and Electrical Construction Portfolio
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