EMCOR Group, Inc. Subsidiary Awarded Contract By U.S. Army Corps Of Engineers For Herbert Hoover Dike Rehabilitation Project In Everglades
NORWALK, CONNECTICUT, October 18, 2011 - EMCOR Group, Inc. (NYSE: EME), a Fortune 500® leader in mechanical and electrical construction, energy infrastructure and facilities services for a diverse range of businesses, announced that its Harry Pepper & Associates, Inc. subsidiary has been awarded a contract by the U.S. Army Corps of Engineers for $42 million to replace two culverts that control water flow for Lake Okeechobee, part of the Herbert Hoover Dike Rehabilitation Project, located in Martin and Palm Beach Counties, Florida.
Harry Pepper & Associates (HPA) is responsible for the removal of two existing culverts (11 and 16) and replacing them with new water control structures, providing flood protection and irrigation to the surrounding community, as part of the Herbert Hoover Dike. HPA’s scope of work for the approximately three-year-long project will include demolition of two existing culverts, placing lengths of cutoff wall to close the existing gaps in the existing cutoff wall at the culvert locations, placement of new cast-in-place concrete culvert structures with gates and control systems at the same locations, and restoring the embankment. Scope of work will also include construction of cofferdams, de-watering, re-watering upon completion of the new culvert structures, removal of the cofferdams, and installation of new rip-rap at the culvert locations.
"We're honored to work with the U.S. Army Corps of Engineers in our region," stated David Pepper, President and CEO, Harry Pepper & Associates. "Our substantial and diverse experience working in the Everglades enables us to bring the unique and required skills to this very important project. We value our role in the preservation and restoration of the ecosystem in this part of Florida."
About EMCOR Group, Inc.
A Fortune 500 company with estimated 2011 revenues of ~$5.5B, EMCOR Group, Inc. (NYSE: EME) is a global leader in mechanical and electrical construction, energy infrastructure, and facilities services. A leading provider of critical infrastructure systems, EMCOR gives life to new structures and sustains life in existing ones by its planning, installing, operating, maintaining, and protecting the sophisticated and dynamic systems that create facility environments---such as electrical, mechanical, lighting, air conditioning, heating, security, fire protection, and power generation systems---in virtually every sector of the economy and for a diverse range of businesses, organizations and government. EMCOR represents a rare combination of broad reach with local execution, combining the strength of an industry leader with the knowledge and care of 170 locations. The ~26,000 skilled employees of EMCOR have made the company, in the eyes of leading business publications, amongst the "World's Most Admired" and "Best Managed". EMCOR's diversity---in terms of the services it provides, the industries it serves and the geography it spans---has enabled it to create a stable platform for sustained results. The Company’s strong financial position has enabled it to attract and retain among the best local and regional talent, to undertake and complete the most ambitious projects, and to redefine and shape the future of the construction and facilities services industry. Additional information on EMCOR can be found at www.EMCORGroup.com.
This release may contain certain forward-looking statements within the meaning of the Private Securities Reform Act of 1995. Any such comments are based upon information available to EMCOR management and its perception thereof, as of this date, and EMCOR assumes no obligation to update any such forward-looking statements. These forward-looking statements may include statements regarding market opportunities, market share growth, gross profit, backlog mix, projects with varying profit margins, and selling, general and administrative expenses. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Accordingly these statements are no guarantee of future performance. Such risk and uncertainties include, but are not limited to, adverse effects of general economic conditions, changes in the political environment, changes in the specific markets for EMCOR’s services, adverse business conditions, availability of adequate levels of surety bonding, increased competition, unfavorable labor productivity and mix of business and that the USM business will not be integrated successfully and that the cost savings from the USM transaction may not be fully realized or may take longer to realize than expected or that disruption from the transaction may make it more difficult to maintain relationships with customers, employees or suppliers. Certain of the risks and factors associated with EMCOR’s business are also discussed in the Company's 2010 Form 10-K, its Form 10-Q for the second quarter ended June 30, 2011 and in other reports filed from time to time with the Securities and Exchange Commission. All these risks and factors should be taken into account in evaluating any forward-looking statements.