EMCOR Group, Inc. Subsidiary Awarded Contract For Integrated Facilities Management At Ruby Tuesday Restaurants
NORWALK, CONNECTICUT, April 3, 2012 - EMCOR Group, Inc. (NYSE: EME), a Fortune 500® leader in mechanical and electrical construction, energy infrastructure and facilities services for a diverse range of businesses, announced that its subsidiary, USM Services Holdings, Inc., has been awarded a three-year contract for integrated facilities management (IFM) at 742 Ruby Tuesday owned restaurants throughout the United States.
USM will be responsible for comprehensive facilities management and critical asset management, including all refrigeration, food and kitchen equipment, and all other traditional facilities services for the contracted Ruby Tuesday restaurant locations. Scope of work includes performing full electrical, HVAC, fire protection, and plumbing services, as well as all landscaping and snow and ice management services. Additionally, USM's scope of work includes repairs and maintenance on all kitchen equipment, food service equipment, refrigeration, ceilings, fixtures, floors, sidewalks, windows, cabinets and doors, as well as support and maintenance of lighting, material handling equipment, and parking lot repair and painting.
"We are pleased to have been selected to help Ruby Tuesday maintain their iconic brand through this IFM program," stated Ivan Dubow, Chief Operating Officer for USM. "USM knows facilities maintenance inside and out, and this new partnership in the casual dining restaurant market plays to USM's strengths, highlighting our breadth of skills and experience, as well as our ability to address and understand a client's comprehensive needs when it comes to the client's places of business being an important reflection of its brand image."
About EMCOR Group, Inc.
A Fortune 500 company with estimated 2012 revenues of ~$6.0B, EMCOR Group, Inc. (NYSE: EME) is a leader in mechanical and electrical construction, energy infrastructure, and facilities services. A provider of critical infrastructure systems, EMCOR gives life to new structures and sustains life in existing ones by its planning, installing, operating, maintaining, and protecting the sophisticated and dynamic systems that create facility environments---such as electrical, mechanical, lighting, air conditioning, heating, security, fire protection, and power generation systems---in virtually every sector of the economy and for a diverse range of businesses, organizations and government. EMCOR represents a rare combination of broad reach with local execution, combining the strength of an industry leader with the knowledge and care of 170 locations. The ~26,000 skilled employees of EMCOR have made the company, in the eyes of leading business publications, amongst the “World's Most Admired” and “Best Managed”. EMCOR's diversity---in terms of the services it provides, the industries it serves and the geography it spans---has enabled it to create a stable platform for sustained results. The Company's strong financial position has enabled it to attract and retain among the best local and regional talent, to undertake and complete the most ambitious projects, and to redefine and shape the future of the construction and facilities services industry. Additional information on EMCOR can be found at www.EMCORGroup.com.
About Ruby Tuesday
Ruby Tuesday, Inc. has company-owned and/or franchise Ruby Tuesday brand restaurants in 45 states, the District of Columbia, 14 foreign countries, and Guam. As of November 29, 2011, the company owned and operated 742 Ruby Tuesday restaurants, while domestic and international franchisees (including Hawaii and Guam) operated 43 and 44 Ruby Tuesday restaurants, respectively. Ruby Tuesday, Inc. is traded on the New York Stock Exchange. (Symbol: RT)
This release may contain certain forward-looking statements within the meaning of the Private Securities Reform Act of 1995. Any such comments are based upon information available to EMCOR management and its perception thereof, as of this date, and EMCOR assumes no obligation to update any such forward-looking statements. These forward-looking statements may include statements regarding market opportunities, market share growth, gross profit, backlog mix, projects with varying profit margins, and selling, general and administrative expenses. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Accordingly these statements are no guarantee of future performance. Such risk and uncertainties include, but are not limited to, adverse effects of general economic conditions, changes in the political environment, changes in the specific markets for EMCOR's services, adverse business conditions, availability of adequate levels of surety bonding, increased competition, unfavorable labor productivity and mix of business. Certain of the risks and factors associated with EMCOR's business are also discussed in the Company's 2011 Form 10-K and in other reports filed from time to time with the Securities and Exchange Commission. All these risks and factors should be taken into account in evaluating any forward-looking statements.