NORWALK, CT — Emcor Group has agreed to purchase USM Services Holdings Inc. from Transfield Services Ltd. for $255 million in cash, according to the News Times.
The acquisition of USM, which is a provider of facilities maintenance services in North America, is expected to close by the end of June, the article stated.
According to the article, the acquisition is part of Emcor''s desire to develop a more balanced portfolio of building maintenance services.
The purchase of USM allows Emcor to expand its offerings to include snow removal and janitorial services, among others, the article noted.
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