M&A Deal Summary

EMCOR Acquires Ohmstede

On August 21, 2007, EMCOR acquired building materials company Ohmstede from First Reserve for 455M USD

Acquisition Highlights
  • This is EMCOR’s 1st transaction in the Building Materials sector.
  • This is EMCOR’s 2nd largest (disclosed) transaction.
  • This is EMCOR’s 4th transaction in the United States.
  • This is EMCOR’s 1st transaction in Texas.

M&A Deal Summary

Date 2007-08-21
Target Ohmstede
Sector Building Materials
Buyer(s) EMCOR
Sellers(s) First Reserve
Deal Type Add-on Acquisition
Deal Value 455M USD

Target

Ohmstede

Beaumont, Texas, United States
Ohmstede is a manufacturer of engineered shell and tube heat exchangers in North America, as well as replacement tube bundles, parts, and aftermarket shop repair. Ohmstede also provides specialty services related to the on-going repair and maintenance of heat exchangers and related ancillary equipment at customers' facilities.

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Buyer(S) 1

Buyer

EMCOR

Norwalk, Connecticut, United States

Category Company
Founded 1987
Sector Engineering
Employees38,300
Revenue 12.6B USD (2023)
DESCRIPTION
EMCOR's corporate headquarters in Norwalk, Connecticut.
EMCOR's corporate headquarters in Norwalk, Connecticut.

EMCOR provides mechanical and electrical construction, industrial and energy infrastructure, and facilities services. EMCOR was founded in 1987 and is based in Norwalk, Connecticut.


DEAL STATS #
Overall 4 of 17
Sector (Building Materials) 1 of 1
Type (Add-on Acquisition) 3 of 15
State (Texas) 1 of 3
Country (United States) 4 of 17
Year (2007) 1 of 1
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 S.A. Comunale

Barberton,, Ohio, United States

S.A. Comunale Co is a privately held mechanical services company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-17 Scalise Industries

Lawrence, Pennsylvania, United States

Scalise Industries is a full service engineering, and facilities maintenance and service company providing expertise in mechanical and electrical services, system commissioning, and fire protection services to a broad range of markets including healthcare, commercial, institutional/universities, transportation, and power.

Buy -

Seller(S) 1

SELLER

First Reserve

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1983
PE ASSETS 32.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

First Reserve is a specialist private equity firm focused on investments in energy companies. First Reserve targets equity investments of $50 to $500 million in companies valued from $100 million to $10 billion. Target areas of interest within the energy industry include energy manufacturing and services (drilling service providers and wellhead equipment manufacturers), energy infrastructure, energy reserves, renewable energy and alternative fuels, and energy related insurance and financial products. First Reserve was established in 1983 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 21 of 57
Sector (Building Materials) 1 of 1
Type (Add-on Acquisition) 7 of 19
State (Texas) 10 of 20
Country (United States) 18 of 38
Year (2007) 4 of 5
Size (of disclosed) 12 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-01 Remora Energy International

Hamilton, Bermuda

Remora Energy International, L.P. (?Remora?) is a joint venture with Nabors Industries focusing on oil exploitation opportunities in Colombia. The company has assembled a large license position mainly in the Llanos basin and has already made a number of oil discoveries. Production from some of these discoveries has begun and the company is employing modern exploration methods to maximise the potential of its land position.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-01 Refinery Services

Beaumont, Texas, United States

Refinery Services was established as a platform company to take advantage of the upturn in refinery maintenance, service and upgrading within the refinery sector. Refinery Services' first investment was the purchase of Ohmstede Ltd., a leading provider of aftermarket services and replacement parts, and manufacturer of engineered shell and tube heat exchangers, for refineries in North America.

Sell -