Building Services
Johnson Controls UK Analysis: 8 Strategic Acquisitions Since 2022 Drive Revenues
October 13th, 2025Johnson Controls + Tyco: Nearly 10 Years on from the $16.5B Mega Merger
September 30th, 2025
Emcor’s Consistent Building Services Growth Despite 2024 Market Challenges
In this Research Note, we examine EMCOR, one of the largest mechanical and electrical contractors in the United States and its building services business, which accounts for 24% of the group’s 2024 revenues of $14.6 billion. Based on their 2024 Annual Report and Corporate Overview Presentation, this analysis covers the Building Services financial highlights for […]
Vinci’s €287M German Acquisition Spree Transforms Building Solutions
This Research Note examines the Building Solutions business of Vinci Energies, highlighting its focus, vertical markets, and financial performance of its operations, based on its 2024 financial results and Capital Markets Day presentation. Vinci Energies Building Solutions Profile Vinci Energies offers a range of electrical and multi-technical solutions and services for commercial and industrial buildings, […]
EMCOR Building Services Business & Financials Examined 2024
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 […]
SPIE Technical Facility Management Business 2024 Examined
This Research Note examines the French public company, SPIE and its focus on building solutions, which is one of four strategic markets that the group addresses in central and northern Europe. This article covers the Group’s fields of expertise, its development since 2013 through platform and bolt-on acquisitions and its expansion in the Netherlands, based […]
Assemblin Caverion Merger: Key Takeaways for Smart Buildings Business
In this Research Note, we examine the recent Triton announcement of a merger between its portfolio companies, Assemblin and Caverion to create a Northern European technical building installation and services group “providing the most comprehensive and cutting-edge solutions across the full lifecycle of the built environment”. We highlight the strategic rationale of the Caverion acquisition, […]
Bravida’s Smart Building Automation Business Examined
In this Research Note, we examine the building automation business of Bravida Holding AB, a 100-year old Swedish company with a vision statement of “bringing buildings to life”. This analysis is based on their 2021 Annual Report, investor presentations, growth strategy and M&A activities. Bravida operates in the Nordic market for technical service and installation of buildings and facilities. Bravida’s core […]
HVAC Industry Demonstrates the Flexible Power of Digital Systems in a Crisis
If our walls could talk, they would be asking us what the hell is going on. Healthcare buildings have gone into overdrive, hotels are being converted into hospitals, fashion-houses transformed into high-volume PPE factories, auto-manufacturing into ventilator-production, and everyone is at home while an unprecedented amount of our commercial real estate sits empty. We were […]
