Miller Electric Company | Stephens

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FINANCIAL ADVISOR

Miller Electric Company

$865 Million 02/03/2025 Power & Industrial Technology Complete
Private Companies, Public Companies
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Transaction Details

On February 3, 2025 – EMCOR Group, Inc. (NYSE: EME) ("EMCOR") announced that it has completed its previously announced acquisition of Miller Electric Company (“Miller Electric”), for $865 million in cash

  • Miller Electric will operate within EMCOR’s Electrical Construction Services segment under Dan Fitzgibbons, President and CEO of EMCOR Electrical Construction Services
  • The Miller Electric leadership team will remain in place and Miller Electric will continue to be headquartered in Jacksonville, Florida

Miller Electric increases EMCOR’s presence in high growth sectors and expands its electrical capabilities through a suite of complementary and comprehensive mission-critical services. EMCOR expects Miller Electric to generate approximately $805 million in revenue and approximately $80 million in Adjusted EBITDA in calendar year 2024.

About the company

Miller Electric Company
Miller Electric is a 97-year-old company based in Jacksonville, Florida with 21 branch offices located throughout the United States. It provides energy and technology infrastructure solutions for its clients and works in various markets including data centers, healthcare, manufacturing, commercial, and institutional. Miller Electric is also dedicated to creating a more sustainable future through the advancement of EV charging infrastructure.

EMCOR
EMCOR Group, Inc. is a Fortune 500 leader in mechanical and electrical construction services, industrial and energy infrastructure and building services.

Source: Company Press Release and public information.
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