FMI Capital Advisors Inc., a subsidiary of FMI Corporation, is pleased to announce the acquisition of Newcomb and Company, a leading full service commercial mechanical contractor headquartered in Raleigh, NC by EMCOR Group, Inc. (NYSE: EME), a Fortune 500® leader in mechanical and electrical construction, industrial and energy infrastructure, and facilities services for a diverse range of businesses. Terms of the transaction were not disclosed.
FMI Capital Advisors Inc. represented Newcomb in the transaction.
“We are delighted to become part of EMCOR and combine forces with the EMCOR Services team,” said Robert Newcomb, owner and President of Newcomb and Company. “Newcomb and Company has a tradition of performance and client service that we believe is a perfect match with EMCOR ‘s culture. We are all very excited about the future and continuing to serve our clients with excellence.”
Founded over 60 years ago, Newcomb and Company provides mechanical contracting and services for commercial, industrial, educational, institutional, and residential clients throughout the North Carolina marketplace. Newcomb and Company will be part of EMCOR’s U.S. Building Services operations.
About FMI Capital Advisors:
FMI Capital Advisors, a subsidiary of FMI Corporation, is a leading investment banking firm exclusively serving the Engineering and Construction / Infrastructure industry. With over 700 completed transactions, our unique industry focus enables us to provide our clients with valuable insight and advice. Clients gain access to our unparalleled network of industry contacts and relationships, deep market knowledge and technical expertise, based on decades of experience.
FMI Capital Advisors:
Landon R. Funsten
Senior Managing Director
Daniel T. Shumate
Investment banking services provided by FMI Capital Advisors, Inc., a registered broker-dealer and wholly owned subsidiary of FMI.