Newsline

EMCOR Group Lists on the NYSE

NEW YORK, NY — Frank McGinnis, chairman and ceo of the EMCOR Group, Inc., took the opening bell on the New York Stock Exchange (NYSE) and rang in a new era for his company, which will now be publicly traded.

EMCOR Group, a global electrical and mechanical contracting and facility services company, has 43 operating subsidiaries, and many of these company representatives attended a gala celebration before and after the first day of trading on Nov. 16. Jeff Levy, president and chief operating officer, looked around the gathering of associates in Wall Street’s executive boardroom and cited the reason for the success of the $3.5 billion company.

“What you see here is a group of people working together for a strong company,” he said. Levy accompanied McGinnis to the floor of the exchange the next day to ring the symbolic bell. McGinnis addressed the gathering during a dinner reception, revealing the company’s new motto, “knowledge in action.”

In a news release which ran concurrent with the first day of trading, McGinnis said, “In the last five years, EMCOR Group has evolved from a $1.6 billion specialty contractor to a $3 billion international provider of diversified facilities services. Our move to the world’s largest stock exchange, where we will join many of our blue- chip clients, is not only appropriate but it is expected to directly benefit our shareholders.”

EMCOR emerged from bankruptcy in 1994 to become one of the largest specialty construction firms in the world. By combining facility management with systems construction, such as hvacr, electrical, and security, the company plans to expand its global reach dramatically in the coming years.

Shares of EMCOR Group (symbol EME) began at $25 and finished slightly lower for the day. For more information on EMCOR Group, visit the company’s website at www.emcorgroup.com.

Publication date: 12/04/2000

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

Recent Articles by Paula Liegl

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2015 HARDI Fly-In

Highlights from HARDI's Congressional Fly-In in Washington, D.C. Post date: May 28, 2015.

Podcasts

NEWSMakers: Kevin Conrad
Kevin Conrad, president, Kevin Conrad Heating and Cooling Inc., Nantucket, Massachusetts, breaks down working in the New England climate, the benefits of insulation foam, and more.


More Podcasts

ACHRNEWS

NEWS 07-06-15 cover

2015 July 6

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

Online Reviews

Do you track online review sites like Yelp to look for comments on your company’s performance?
View Results Poll Archive

HVACR INDUSTRY STORE

2015.jpg
2015 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

 

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

DON'T MISS A THING

Magazine image
 
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.

STAY CONNECTED

facebook icontwitter iconyoutube iconLinkedIn i con