EMCOR Group, Inc. Subsidiary Awarded Contract for Installation of All Plumbing Systems at Harborside VII Development
NORWALK, CONNECTICUT, February 28, 2014 - EMCOR Group, Inc. (NYSE: EME), a Fortune 500® leader in mechanical and electrical construction, industrial and energy infrastructure, and building services for a diverse range of businesses announced that its subsidiary, F&G Mechanical Corp., has been awarded a contract to install all the plumbing systems at Harborside VII, a new luxury apartment rental tower on the Waterfront in Jersey City, New Jersey.
F&G Mechanical Corp. will be responsible for the complete installation of all plumbing systems at Harborside VII, a 69-story tower with 763 residential apartment units and pool. F&G's scope of work includes installing an eight zone hot and cold domestic water system, eight pressure-reducing stations, and a 4MM BTU water heating system with 2,500 gallons of storage and brazed plate heat exchangers. The scope also includes installation of over 3,000 plumbng fixtures, as well as installation of a comprehensive sanitation system involving a drainage system as well as storm and natural gas systems.
"F&G Mechanical is delighted to have been selected to work on this highly visible, luxury property," stated Sal Fichera, President of F&G Mechanical. "Underlying our immense pride in the timely delivery of projects reflecting superior workmanship, is F&G Mechanical's highly skilled team, with broad experience across a range of plumbing and mechanical services disciplines; we're excited to be bringing this to bear as we work at Harborside VII."
About EMCOR Group, Inc.
A Fortune 500 company with estimated 2014 revenues of ~$6.8B, EMCOR Group, Inc. (NYSE: EME) is a leader in mechanical and electrical construction, industrial and energy infrastructure, and building services. A 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 28,000+ 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 2013 Form 10-K 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.
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FOR: EMCOR GROUP, INC.
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LAK Public Relations, Inc.
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