Expert Electrical And Low Voltage Contracting Since 1934.

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The Pulse | Q4 2023 Edition | Greater Boston Market

Large contractors in the Northeast and throughout the US have relatively healthy backlogs extending throughout 2024 and into 2025. Macroeconomic factors like interest rates, inflation, record vacancy rates in urban areas (i.e., Boston / Cambridge), and lack of large tenant movement have led to many market sectors being stagnant for construction. Without signed lease agreements, developers are still not moving forward with large scale buildings that are shovel ready. Academic and healthcare market sectors continue to be strong in the Northeast and data center activity is very strong throughout many areas of the country. This update is a snapshot of today and we implore you to reach out with questions should you have any.

Michael Weber / President  (781) 255-8881 mweber@gastonelectrical.com

To view The Pulse in larger format or to download, please click here.

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The Pulse | Q3 2023 Edition | Greater Boston Market

Contractors in the Northeast and throughout the US still have solid backlogs extending throughout 2023 and 2024. Interest rates hikes, pricing volatility, employees not working in their physical offices, and other macro stressors have dampened many market sectors. Developers are cancelling or pausing some permitted projects for large buildings / facilities on spec and the tenant interior market is slow. Academic, healthcare, and the large-scale residential markets continue to be strong. This update is a snapshot of today and we implore you to reach out with questions should you have any.

Michael Weber / President  (781) 255-8881 mweber@gastonelectrical.com

To view The Pulse in larger format or to download, please click here.

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The Pulse | Q2 2023 Edition | Greater Boston Market

The vulnerabilities of the global supply chain have caused major disturbances in pricing and lead time for the construction industry. Everyone we speak with on this topic has an example of a recent project where materials didn’t ship on time, releases weren’t timely, pricing increased, or the quoted lead time was so long that schedules had to be extended. These historically long lead times have mostly stabilized, while pricing for electrical components continue to increase. This update is a snapshot of today and we implore you to reach out with questions should you have any.

Michael Weber / President  (781) 255-8881 mweber@gastonelectrical.com

To view The Pulse in larger format or to download, please click here.

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Gaston Electrical returns to BPS Mattahunt Elementary for STEM day with AGC of MA and Industry Partners.

Recently, Gaston Electrical returned to the Mattahunt Elementary in Boston for a STEM day with AGC of MA and Industry Partners. The day included a reading session with Author Courtney Kelly’s book “Celeste Saves the City” and a LEGO build exercise. Students learned about the importance of teamwork, collaboration, and communication. A great time was had by all, and we look forward to the next visit!
 
Link to full Boston Real Estate Times article here: bit.ly/GastonMattahunt

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The Pulse | Q1 2023 Edition | Greater Boston Market

Post COVID, the global supply chain vulnerabilities were exposed and this has caused major disturbances in pricing and lead times for the construction industry. Since our last edition of The Pulse in November 2022, historically long lead times have (mostly) stabilized, while pricing for electrical materials are still increasing. Our goal with The Pulse is to share current market conditions with our customers and partners. This update is a snapshot of today and we implore you to reach out with questions should you have any. 

Michael Weber / President  (781) 255-8881 mweber@gastonelectrical.com

To view The Pulse in larger format or to download, please click here.

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The Pulse | Q4 2022 Edition | Greater Boston Market

Introducing “The Pulse” industry trends and forecast report. During the second half of 2020, the pandemic exposed the vulnerabilities of the global supply chain. Labor shortages and decreased availability of materials needed in all phases of construction (coupled with strong demand) has impacted pricing and supply. Thus, the commercial construction industry is facing extraordinary supply chain and pricing unpredictability. Our goal with The Pulse is to share current market conditions with our customers and partners. This update is a snapshot of today and we implore you to reach out with questions should you have any.

Michael Weber / President  (781) 255-8881 mweber@gastonelectrical.com

To view The Pulse in larger format or to download, please click here.

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EMCOR Group, Inc. Announces Acquisition of Gaston Electrical Co., LLC

Acquisition Strengthens and Broadens Offerings in the Greater Boston Area

August 09, 2022

NORWALK, Conn.–(BUSINESS WIRE)–EMCOR Group, Inc. (NYSE: EME) today announced that it has acquired Gaston Electrical Co., LLC (“Gaston,” formerly Gaston Electric Co., Inc.) a leading full service electrical construction contractor headquartered in Norwood, MA. Terms of the transaction were not disclosed.

Founded in 1934, Gaston is a leading full service electrical construction and low voltage contractor in the Greater Boston area. Gaston designs, installs, constructs, and maintains the electrical and low voltage systems in a wide variety of projects, including hospitals, laboratories, and life sciences facilities as well as data centers, universities, sports arenas, large-scale residential, and commercial office buildings. With 2022 estimated revenues of approximately $140 million and remaining unsatisfied performance obligations of approximately $120 million, Gaston will further strengthen EMCOR’s specialty construction services operations in the Greater Boston area.

Dan Fitzgibbons, President and CEO of EMCOR’s Electrical Construction Services Segment commented, “We are pleased to expand our footprint in the Northeast with the addition of the Gaston team. This group brings important capability and expertise in servicing many of EMCOR’s core end markets, including life sciences facilities and data centers. With one of the most experienced executive and field management teams in the electrical construction industry, Gaston will further broaden and enhance the service offerings EMCOR provides to its customers in the Greater Boston area.”

“We are delighted to join EMCOR, a company that has the same culture and commitment to excellence that we do.

Bill Weber, CEO of Gaston

 

Mike Weber, President of Gaston, noted, “EMCOR’s core values of safety, integrity, transparency, trust, mutual respect, discipline, and teamwork are lived by the Gaston team every day. We are excited about our future prospects as a part of EMCOR.”

EMCOR Group, Inc. is a Fortune 500 leader in mechanical and electrical construction services, industrial and energy infrastructure and building services. This press release and other press releases may be viewed at the Company’s website at www.emcorgroup.com. EMCOR routinely posts information that may be important to investors in the “Investor Relations” section of our website at www.emcorgroup.com. Investors and potential investors are encouraged to consult the EMCOR website regularly for important information about EMCOR.

Forward Looking Statements:

This release contains certain forward-looking statements. Any such comments speak only as of August 9, 2022 and EMCOR assumes no obligation to update any such forward-looking statements, unless required by law. These forward-looking statements may include statements regarding anticipated future operating and financial performance, including financial guidance and projections underlying that guidance; the nature and impact of our remaining performance obligations; our ability to pursue and successfully integrate acquisitions; our ability to return capital to shareholders; market opportunities; market growth prospects; customer trends; and our ability to maintain a strong safety record. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those anticipated (whether expressly or implied) by the forward-looking statements. Accordingly, these statements do not guarantee future performance or events. Applicable risks and uncertainties include, but are not limited to, adverse effects of general economic conditions; changes in interest rates; domestic and international political developments; changes in the specific markets for EMCOR’s services; adverse business conditions, including labor market tightness, productivity challenges, the nature and extent of supply chain disruptions impacting availability and pricing of materials, and inflationary trends more generally, including fluctuations in energy costs; the availability of adequate levels of surety bonding; increased competition; unfavorable developments in the mix of our business; and the continuing impact of the COVID-19 pandemic, including the nature, extent, and impact of future variant surges, as well as other health emergencies, and government orders and mandates related thereto, on our revenue and operations. Certain of the risk factors associated with EMCOR’s business are also discussed in Part I, Item 1A “Risk Factors,” of the Company’s 2021 Form 10-K, and in other reports filed from time to time with the Securities and Exchange Commission and available at www.sec.gov and www.emcorgroup.com. Such risk factors should be taken into account in evaluating any forward-looking statements.

Contacts

EMCOR Group, Inc. 
R. Kevin Matz
Executive Vice President
Shared Services
(203) 849-7938

FTI Consulting, Inc.
Investors: Blake Mueller
(718) 578-3706

Our new “Spotlight ON” feature kicks off with Journeywoman Heather MacMaster

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Thank you for visiting our new “Spotlight ON” feature where we will be speaking with members of the Gaston Team and asking them questions about their careers, backgrounds, and interests.

We’re kicking off this new series with Journeywoman Heather MacMaster. At the time of this post, Heather is working at the Boston University Center for Computing and Data Sciences Building.

How long have you been an Electrician?

Nearly 20 years.

Tell me how things have changed regarding Women on jobsites over your 20 years?

I went from being one of the only females onsite to being one of five on my current job. Females currently make up 10% of construction in Mass and are more accepted on jobsites.

I know you started a Facebook Group recently with some friends. What’s the name of it?

 It is called Boston Union Trade Sisters.

How did you start this group?

During the pandemic last year, I was talking to an old friend from another Local about the idea of starting a Facebook Group for all Women in the trades. It started with 5 Women and has grown to almost 700 in one year. 

Why did you start this group?

We wanted to create a safe space for Women in the trades to network, get advice on work-related issues and personal matters, and build a community of strong, confident females working in the construction field.

What has surprised you about this group of Women?

Seeing the amount of support people receive from strangers. It’s an uplifting group of Women; we really feel like sisters.

I understand you hold events throughout the year. What kind of events has your group hosted?

We’ve held bowling nights, self-defense class, cookouts, dance lessons, a double-dutch tournament – and soon we’re hosting our first Gala.

Can you talk more about the Gala? Tell me about the inspiration for this event and what should people expect if they attend?

The Facebook Group founders wanted to celebrate everything we’ve accomplished this past year. The Gala takes place on April 2nd in Quincy. We’ve already sold out and expect nearly 300 people. We’re going to have female speakers talking about the importance of Women in construction as well as dinner, dancing, and raffles to raise funds for the group and community.

What can we expect to see from Boston Union Trade Sisters in the future?

We’re hoping to grow, offer more continuing education for Women, and inspire other cities/states to create their own community of Tradeswomen.

Mike Weber speaks with The Boston Business Journal on the rise of Office-To-Lab Conversions

Recently, Mike Weber spoke with Catherine Carlock of the Boston Business Journal regarding the rise in Office-To-Lab Conversions within the Boston/Cambridge Construction Market. This cover story also featured Steve Lynch of King Street Properties and Bob Coughlin of JLL Boston.

Due to increased life science tenant demand, many building owners are making the jump to lab space in submarkets that were not historically known as lab hotspots – including Kenmore Square, Fort Point, Allston, and Watertown.

Additionally, an office-to-lab conversion requires significant planning, budget considerations, and a review of building infrastructures to be sure that a conversation is feasible.

From the article:

“Labs require redundant power sources, sophisticated HVAC and mechanical systems and higher floor-to-floor ceiling heights than a standard offices, which can make it difficult to convert an older building,” said Mike Weber, a principal at Gaston Electrical in Norwood. It’s also common for biotech tenants to rapidly grow in their physical space needs once they have a commercial product, or receive FDA approval for their work. 

“We’ve done a job for a customer in a 10,000-square-foot lab area, and two years later, we’re doing 200,000 square feet,” Weber said. 

Boston Business Journal / October 1, 2021

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To read the entire article. please click here. And to learn more about our recent Life Sciences Projects, visit our portfolio page here.