EMCOR Group To Acquire Ardent Services And Rabalais Constructors - Quick Facts

(RTTNews) - EMCOR Group, Inc. (EME) announced it has entered into a definitive agreement to acquire Ardent Services, L.L.C. and Rabalais Constructors, LLC, leading providers of electrical and instrumentation services to the energy infrastructure market in North America. EMCOR is acquiring privately held Ardent from its shareholders, in an all cash transaction valued at approximately $205 million.

EMCOR Group said the acquisition of Ardent is expected to be nominally accretive to EMCOR's earnings per share for the balance of 2016, excluding transaction expenses, with accelerated earnings per share from continuing operations in 2017 of no less than $0.10.