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General
EMCOR
Group,
Inc.
("EMCOR")
is
the
largest
mechanical
and
electrical
construction
and
facilities
services
firm
in
the
United
States
and
Canada
and
one
of
the
largest
in
the
United
Kingdom
and
the
world.
In
1999
EMCOR
had
revenues
of
more
than
$2.89
billion.
EMCOR
provides
services
to
a
broad
range
of
commercial,
industrial,
utility,
and
institutional
customers
through
approximately
40
principal
operating
subsidiaries.
Its
subsidiaries
have
offices
in
21
states
and
the
District
of
Columbia
in
the
United
States,
seven
provinces
in
Canada
and
ten
primary
locations
in
the
United
Kingdom.
In
the
United
Arab
Emirates,
Saudi
Arabia,
Hong
Kong
and
South
Africa,
EMCOR
carries
on
business
through
subsidiaries
and
joint
ventures.
EMCOR's
executive
offices
are
located
at
101
Merritt
Seven
Corporate
Park,
Norwalk,
Connecticut
06851-1060,
and
its
telephone
number
at
those
offices
is
(203)
849-7800.
EMCOR
specializes in the design, installation, integration, start-up,
operation and maintenance of:
 Distribution
systems for electrical power;
Lighting
systems;
Low-voltage
systems, such as fire alarm, security, communications and
process control systems;
Voice and
data communications systems;
Heating,
ventilation, air conditioning, refrigeration and clean-room
process ventilation systems; and
Plumbing,
process and high-purity piping systems.
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EMCOR
also provides services needed to support the operation of customers'
facilities, which services are not related to customers' construction
programs. These services, frequently referred to as facilities services,
include site-based operations and maintenance, mobile maintenance
and service, small modification and retrofit projects, consulting,
program development and management for energy systems, and maintenance
of facilities. Facilities services are provided to a wide range
of commercial, industrial, utility and institutional facilities,
including those at which EMCOR provided construction services and
others at which construction services were provided by other contractors.
EMCOR's varied facilities services are frequently combined to provide
integrated service packages which include mechanical and electrical
services.
EMCOR
provides mechanical and electrical construction services and facilities
services directly to corporations, municipalities and other governmental
entities, owners/ developers and tenants of buildings. It also provides
these services indirectly by acting as a subcontractor to construction
managers, general contractors, systems suppliers and other subcontractors.
Worldwide, EMCOR employs approximately 20,000 people.
EMCOR's
revenues are derived from many different customers in numerous industries
with operations in several different geographical areas. Of EMCOR's
1999 revenues, approximately 74% was generated in the United States
and approximately 26% was generated internationally. In 1999, approximately
46% of revenues was derived from new construction projects and approximately
54% of revenues was derived from renovation and retrofit of customers'
existing facilities and from EMCOR's facilities services operations.
(Renovation and retrofit work and facilities services operations
are sometimes referred to by stock analysts as maintenance, repair
and replacement or "MRR.")
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