US construction company EMCOR Group has agreed to acquire Batchelor & Kimball (BKI), a full-service provider of mechanical construction and maintenance services, for an undisclosed price.
Established in 1979, the Atlanta-based Batchelor & Kimball is engaged in providing commercial and industrial mechanical construction and maintenance services. The company has designed, installed, constructed and maintained the HVAC and plumbing systems across various projects for all types of non-residential facilities such as hospitals, data centers, laboratories, schools, airports, and office buildings.
For 2020, Batchelor & Kimball is anticipated to contribute revenues of around $400 million with nominal diluted EPS accretion.
Commenting on EMCOR acquisition of Batchelor & Kimball, Tony Guzzi – Chairman, President and CEO of EMCOR, said: “We are excited to be acquiring BKI, which further strengthens EMCOR’s position in mechanical construction and maintenance services and broadens our capabilities across the South and Southeast regions. BKI is recognized as a value-added provider to a discerning customer base that operates highly complex infrastructure where construction, maintenance and operation services are mission-critical.”
Following the closing of the deal, Batchelor & Kimball will become a part of US Mechanical Construction and Facilities Services segment of EMCOR.
Brian Batchelor – CEO of Batchelor & Kimball, commenting on EMCOR acquisition of Batchelor & Kimball, said: “We firmly believe EMCOR is a natural home for BKI.
“The prospect of working with a proven industry leader that shares our commitment to customer loyalty and safety, while maintaining our organizational structure, is a great opportunity for everyone at BKI. We look forward to delivering sustainable growth and exceptional customer value as part of EMCOR.”
The transaction, which is subject to customary closing conditions and regulatory approvals, is expected to close by the year-end.