JANUARY 16 TO JANUARY 22, 2025 | JAXDAILYRECORD.COM
BUSINESS & LEGAL NEWS IN BAKER, CLAY, DUVAL, NASSAU AND ST. JOHNS COUNTIES
Emcor buying Miller Electric
INSIDE
The Connecticut-based Fortune 500 firm says it will pay $865 million in cash for the Jacksonville company. BY MARK BASCH CONTRIBUTING WRITER
Emcor Group Inc. announced an agreement Jan. 14 to buy Jacksonville-based Miller Electric Co. for $865 million in cash. The Norwalk, Connecticutbased company said 97-year-old Miller will remain headquartered
in Jacksonville when the deal is completed with its leadership in place. Emcor is a Fortune 500 company with projected 2024 revenue of $14.5 billion. It provides mechanical and electrical construction services, industrial and energy infrastructure and building services.
The company said Miller had about $805 million in 2024 revenue. “For nearly a century, we have taken great pride in delivering innovative electrical solutions and building strong relationships with our clients and partners,” SEE EMCOR, PAGE 11
DOWNTOWN RESTAURANT RESURGENCE ON THE WAY More than a dozen restaurants and bars are in development. Here’s a status report on what’s on the way. PAGES 4&5
CITY GOVERNMENT
Plan targets ballooning city ‘loan’ on trash fees PAGE 8
THE MATHIS REPORT
Ameris Bank plans branch on Downtown Northbank PAGE 6
THE BASCH REPORT
CSX seen as on the right track Analyst says CSX is a good play for investors seeking to profit from freight market growth as a domesticfocused railroad. PAGE 12
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VOLUME 112, NO. 10 | TWO SECTIONS | PUBLISHED SINCE 1912