ECJ EUROPEAN Cleaning Journal

US-based EMCOR Group has entered into a definitive agreement to sell EMCOR UK to international facilities services company OCS Group in the UK. EMCOR - a Fortune 500 business - is a leader in mechanical and electrical construction services, industrial and energy infrastructure and building services.

The deal is worth £190 milion, eqivalent to $255 million at current exchange rates."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," said Tony Guzzi, chairman, president and chief executive officer of EMCOR.

"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."

Rob Legge, chief executive officer of OCS added: "EMCOR UK has built an impressive U.K. 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."

The transaction is expected to be completed by the end of 2025.