Bahnson, Inc. Celebrates 100th Anniversary
---EMCOR Company A Leader In Industrial HVAC System Design & Construction---
WINSTON SALEM, NORTH CAROLINA, July 20, 2015 – Bahnson, Inc., is celebrating the 100th anniversary of its founding this summer. A luncheon was held at the WinMock Event Center in Bermuda Run on July 17, 2015 during which former and current long-term employees were honored. The company was originally formed as the Normalaire Company in Winston-Salem in 1915 by Agnew Bahnson, Sr., Fred Bahnson, and James Gray to manufacture and sell electric humidifiers to the textile industry throughout the southeast. Today, the company has grown be one of the largest specialty engineering, fabrication, and mechanical contractors in the U.S., with clients ranging from local companies to some of the world’s largest engineering and construction companies, and drug manufacturers.
Bahnson, Inc. is a subsidiary of EMCOR Group, Inc. (NYSE: EME), a Fortune 500® leader in mechanical and electrical construction, industrial and energy infrastructure, and building services for a diverse range of businesses. Throughout its history Bahnson has provided a unique combination of engineering, construction management, proprietary product offerings, service and maintenance, and installation capabilities.
EMCOR acquired Bahnson in 2011, and the company has continued to maintain its headquarters in Winston-Salem with approximately 600 employees across the U.S. supporting its Bahnson Environmental Specialties, Bahnson Mechanical Systems, Intermech, and Bahnson Mechanical Specialties divisions. Bahnson's vehicles throughout the U.S. feature EMCOR's familiar “Taking KidSafety To The Streets™” missing kids posters, which have helped recover 350+ children over the past 10 years. Locally Bahnson and its employees also support the United Way, the American Red Cross and the Winston-Salem Arts Council.
The company changed its name to “The Bahnson Company” in 1929 and became a leader in the innovation and design of the highest quality HVAC products for the textile industry through the 1960s, opening a 30,000 square foot plant in Winston-Salem in 1965. The company remained family owned until 1968 when it was sold to Hillman Coal & Coke Company. In the 1980s Flakt AB, a Swedish company, purchased the company and operated it for a decade before selling it to a Swiss company, which renamed the company Luwa Bahnson in 1991. Bahnson enjoyed unprecedented growth under ownership by Luwa and served a wide range of industrial and commercial markets, including the textile, automotive, tobacco, microelectronic, nanotechnology, pharmaceutical, biomedical, electric utility, waste cleanup and educational sectors. Numerous acquisitions by Bahnson in the late 1990s and the early 2000s enabled the company to enter new market areas and broaden its customer base.
“Throughout its history, Bahnson has remained a market leader in designing, installing, and servicing sophisticated high quality air handling and treatment systems for a broad range of complex industrial, institutional and commercial applications,” stated Joe Keane, Vice President of Bahnson Mechanical Systems. “Our diverse technical capabilities have distinguished Bahnson from its competitors and solidified its position as a strategic business partner for companies competing in both traditional and high tech industries throughout the U.S. and abroad.”
“We’re excited about what the future holds for our next 100 years with strong roots in Winston-Salem and the communities in which we live and work,” stated Jim Hutcherson, Chief Legal Officer and VP of Human Resources.
About Bahnson, Inc.
Founded in 1915, Bahnson is a national leader in the design, fabrication and installation of highly specialized HVAC systems, completing complex specialty air and mechanical systems projects for virtually every industrial process, including textiles, tobacco, pharmaceuticals, electric utilities, life sciences, commercial, institutional and other industries. The firm also provides specialty engineering, manufacturing, and mechanical systems contracting for the installation of ultra-low freezers and environmental chambers. Headquartered in Winston Salem, with offices in Charlotte and Raleigh, NC; Greenville, SC; Richland, WA; and Idaho Falls, ID, Bahnson is a subsidiary of EMCOR Group, Inc. (NYSE: EME), a Fortune 500 company with estimated 2015 revenues of ~$6.6B. EMCOR is a leader in mechanical and electrical construction, industrial and energy infrastructure, and building 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 29,000+ 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.
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 2014 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.