In this Research Note, we examine EMCOR, one of the largest mechanical and electrical contractors in the US, and its building services business, which accounts for 28% of the group’s 2023 revenues of $12.6 billion. Based on their 2023 annual results and corporate overview presentation, this analysis covers the Building Services financial highlights for its US and UK operations, acquisitions, and 2024 outlook. EMCOR Building Services With 60 regional operations in the USA providing local service, the full range of capabilities offered by EBS companies is as follows: Mechanical construction, renovation, and retrofits. Energy services. Mechanical services. Site based commercial facilities services. Government facility services. Interior and exterior maintenance services.  National multisite maintenance and trades. Clients of EMCOR’s building services business include federal and state governments, institutional organizations, utilities, healthcare providers, and major corporations engaged in information technology, telecommunications, pharmaceuticals, financial services, and manufacturing, as well as large retailers and other businesses with geographically dispersed […]