EMCOR Group, a publicly traded construction and energy infrastructure company based in Connecticut, announced Friday that it has acquired Raleigh-based Southern Industrial Constructors.
Terms of the deal we're not disclosed.
Southern has 900 employees and had estimated revenues of $90 million last year, according to a release announcing the deal. EMCOR has a market cap of nearly $2 billion.
Southern provides industrial maintenance and construction services throughout the Southeast. It specializes in installing plant equipment and providing maintenance. It has offices in Raleigh, Wilmington, Charlotte and Columbia, S.C.
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The founder and chairman of Replacements Ltd., which sells silver, china and glassware, is gay. The company lobbied legislators, contributed money to causes supporting gay marriage, rented a billboard along the interstate near its headquarters and sold T-shirts. Its experience may explain why no other for-profit company followed its example. 
The two power companies are bracing 29,000 employees for an imminent merger decision out of Washington that could upend their lives and transform the state’s business landscape by combining Duke Energy and Progress Energy into the nation’s largest electric utility. 
Residents and the developer will have to wait another two weeks to find out if the Carrboro Board of Adjustment approves an 8,100-square-foot Family Dollar for the less than one acre site. The Board of Aldermen will not review the plan. Keep up with the latest business stories with our free e-mail newsletter, delivered straight to your inbox!
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