EMCOR Group Inc.’s (EME - Analyst Report) subsidiary, EMCOR Government Services, recently procured a contract for an undisclosed amount to operate and maintain the new headquarters of Coast Guard at the Government Service Administration’s(GSA) St. Elizabeth's Campusin Washington, D.C.
Coast Guard is a division of the United States Armed Forces and provides maritime, military multi-mission service. Moreover, the GSA is a part of an independent agency of the United States government and helps in managing and supporting the basic functioning of federal agencies.
As per the agreement, EMCOR Government Services is expected to manage the operation and maintenance of 23 facilities at the new Coast Guard Headquarters. EMCOR’s subsidiary will also be working on preventive maintenance and reactive service orders at the facilities, which occupy a vast area of approximately 2.6 million square feet.
GSA-approved and security cleared, EMCOR Government Services provides solution for critical needs of federal, state, local and other government organizations. The company has two operating divisions – Integrated Facilities Management & Maintenance Services.
EMCOR Government Services believes that it has the relevant expertise to comprehensively operate and maintain services for the Coast Guard and the recent contract win will stand in good stead to strengthen its long-standing business ties with it.
EMCOR is a leader in mechanical and electrical construction, energy infrastructure, and facilities services.
EMCOR currently carries a Zacks Rank #2 (Buy). Some other stocks within the industry worth mentioning include Chicago Bridge & Iron Company N.V. (CBI - Analyst Report), Dycom Industries Inc. (DY - Analyst Report) and Comfort Systems USA Inc. (FIX - Snapshot Report), each holding a Zacks Rank #1 (Strong Buy).