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AMEC and EMCOR Target Cash Deals of More Than $500 Million

Publication Date: 6/1/2011
Author: Debra K.Rubin
Format: HTML

Description:
Two industry giants are taking steps to expand their footprints, revealing agreements for major acquisitions that, if and when completed, would total about $535 million. London-based engineering and project management firm AMEC said on May 17 that it has agreed to buy Atlanta-area engineer MACTEC for $280 million in cash. EMCOR Group Inc., the Norwalk, Conn., specialty contractor, said the next day that it planned to pay $255 million in cash to acquire USM Services Holdings Inc., a Norristown, Pa., facilities maintenance firm, from its Australian parent.

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