EMCOR Acquires Miller Electric for $865 Million

EMCOR Group, a Fortune 500 company, has announced an agreement to acquire Jacksonville-based Miller Electric Company for $865 million, enhancing EMCOR's presence in the southeastern U.S. This acquisition will expand EMCOR's capabilities in high-growth sectors like data centers, manufacturing, and healthcare. Miller Electric, a leading electrical contractor with over 3,500 employees, will retain its headquarters in Jacksonville and its current leadership under CEO Henry Brown. The acquisition, anticipated to close in the first half of 2025, is expected to be modestly accretive to EMCOR's earnings per share. Both companies' boards have unanimously approved the transaction, allowing Miller Electric to leverage EMCOR's resources to enhance its service offerings.