Emcor Group, Inc. (EME) on Wednesday said it closed the purchase of Ohmstede, Ltd. for nearly $455 million in cash. Headquartered in Beaumont, Texas, Ohmstede is a provider of aftermarket maintenance and repair, replacement parts and fabrication services.Commenting on the deal, Frank MacInnis, Chairman and Chief Executive Officer of Emcor, said, The purchase of Ohmstede allows EMCOR to expand its presence in the industrial sector, a market with strong secular drivers and good growth prospects. Ohmstede performs mission-critical services for its customers, with the majority of its revenue coming from recurring and highly visible rebuild, repair, and maintenance work in addition to fabricating and installing highly engineered equipment.
For comments and feedback contact: editorial@rttnews.com
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.