India, Nov. 13 -- EMCOR Group, Inc. (EME), a provider of mechanical and electrical construction and facilities services, said Friday that it has agreed to acquire P1 Construction, a U.S.-based mechanical and electrical contractor, in an all-cash transaction.
Financial terms of the deal were not disclosed.
P1 Construction provides mechanical and electrical contracting services, including advanced fabrication, across various end markets, including mission-critical facilities.
P1 Construction is expected to generate 2026 revenue of $600 million to $650 million and adjusted EBITDA of approximately $60 million.
Following completion, P1 Construction will become part of EMCOR's Mechanical Construction and Facilities Services segment. P1 CEO Br...