Despite a recession that has deeply affected the bottom line of many of the country’s strongest construction firms, specialty contracting giant EMCOR Group, Norwalk, Conn., still managed a monster year in 2009, reporting $5.5 billion in worldwide revenue. As EMCOR finds its way forward in a still-uncertain market, however, they will be doing it without current CEO Frank MacInnis, who announced earlier this year he will retire at the beginning of 2011 after a successful 16-year run that saw the company expand across the U.S. and grow by nearly $4 billion. Replacing MacInnis will be Tony Guzzi, the firm’s president
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.