EMCOR Group agrees to acquire P1 Construction
EME•EMCOR Group agreed to acquire Midwest contractor P1 Construction in an all-cash deal expected to close in the first quarter of 2027. P1 expects 2026 revenue of $600 million to $650 million and adjusted EBITDA of approximately $60 million.
1. Deal and outlook
EMCOR Group will fund the acquisition with cash on hand. P1 Construction expects 2026 revenue of $600 million to $650 million and adjusted EBITDA of approximately $60 million.
2. Operations and leadership
P1 will join EMCOR’s Mechanical Construction and Facilities Services segment, expanding its capabilities in complex projects, including data centers. P1 CEO Bruce Belcher and the company’s leadership team will remain in place.
