Company: EME
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000105634-25-000078
Chunk: 38

Company: EMCOR Group, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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Total assets acquired$1,106,167  _________________________(1)The fair value of accounts receivable acquired was $222.4 million, with the gross contractual amount being $224.4 million. We expect $2.0 million to be uncollectible.(2)Goodwill is calculated as the excess of the consideration transferred over the fair value of the net assets acquired and represents the projected future economic benefits from this strategic acquisition.

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Table of ContentsEMCOR Group, Inc. and SubsidiariesNotes to Consolidated Financial Statements (Unaudited)

NOTE 4 - Acquisitions and Dispositions of Businesses (Continued)Liabilities:Accounts payable$68,147 Contract liabilities104,595 Accrued payroll and benefits9,838 Other accrued expenses and liabilities22,746 Operating lease liabilities, current2,573 Operating lease liabilities, long-term27,771 Other long-term obligations991 Total liabilities assumed236,661 Noncontrolling interests934 Net assets acquired$868,572 The following table summarizes the preliminary fair values of identifiable intangible assets (in thousands) and their estimated useful lives (in years). Refer to Note 8 - Fair Value Measurements of the notes to consolidated financial statements for additional information on the valuation methodologies utilized to determine fair value.Miller ElectricPreliminary Fair Value Estimated Useful LifeCustomer relationships$280,000 16.0Contract backlog40,000 1.5Total intangible assets subject to amortization320,000 14.2Trade name155,000 IndefiniteTotal identifiable intangible assets$475,000 In addition to Miller Electric, during the first nine months of 2025, we acquired five companies, for upfront consideration of $50.9 million, inclusive of customary working capital adjustments. These acquisitions are comprised of: (a) three companies that have been included in our United States mechanical construction and facilities services segment, including: (i) a company in the Midwestern region of the United States that provides building automation controls and solutions to commercial, institutional, and industrial customers, (ii) a company that adds capabilities to our national fire protection offerings, and (iii) a provider of mechanical construction and maintenance services in the Western region of the United States, and (b) two companies that have been included in our United States building services segment, which enhance our building automation and controls or energy efficiency offerings. In connection with these acquisitions, we acquired working capital of $5.