NORWALK, Conn.--(BUSINESS WIRE)--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 PPM subsidiary has been awarded a three-year general maintenance services and construction contract with two one-year renewable options with JEA, a community owned utility, in Jacksonville, Florida. This is the second consecutive three-year term that PPM has been selected for this contract.
PPM will be responsible for year round services at all JEA facilities and locations, including its water and sewer plants, reclaimed water facilities, production well sites, electric production plants, labs, customer centers, buildings, and parking facilities. JEA is Florida’s largest community-owned utility---the eighth largest in the U.S. Its electric systems serve over 400,000 customers; its water system serves more than 80% of water and sewer utility customers in its service area.
PPM’s scope of work includes:
- Infrastructure, grid, and environmental projects.
- Fuel storage and transportation equipment services for various fuel types.
- Substation, transmission, and distribution facilities maintenance.
- Providing schedule, cost control, reporting and other audit systems.
- Providing technical, administrative and supervisor personnel.
- Labor, material, equipment and supplies for complete services.
“We’re honored to have again been chosen for this important contract for JEA; our continued objective will be JEA’s total satisfaction with the range of expert services that we provide for its many needs,” stated Henry Moree, President and CEO of PPM. “With the services provided by JEA being so essential to the residents of Florida, it is gratifying to know that we play a role in helping to fill the needs of these residents, which include the families of our employees.”
About EMCOR Group, Inc.
A Fortune 500 company with estimated 2010 revenues of $5.0 billion, 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. Certain of the risks and factors associated with EMCOR’s business are also discussed in the Company’s 2009 Form 10-K, its Form 10-Q for the third quarter ended September 30, 2010, 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.