Subsequent Events

3 Months Ended

Mar. 31, 2016

Subsequent Events [Abstract]

Subsequent Events [Text Block]

Subsequent Events

On April 15, 2016, we completed the acquisition of Ardent Services, L.L.C. and Rabalais Constructors, LLC (collectively, “Ardent”). Ardent provides electrical and instrumentation services to the energy infrastructure market in North America, and this acquisition further strengthens our position in electrical construction and services and broadens our capabilities across the industrial and energy sectors, especially in the Gulf Coast, Midwest and Western regions of the United States. Under the terms of the transaction, we acquired 100% of Ardent’s equity interests for total consideration of $205.0 million, subject to a working capital adjustment. The results of operations for Ardent will be included in our United States electrical construction and facilities services segment.

On April 1, 2016, we acquired another company for an immaterial amount. This company provides mobile mechanical services within the Southeastern region of the United States, and its results will be included in our United States building services segment.

The acquisition of these businesses will be accounted for by the acquisition method, and the prices paid for them will be allocated to their respective assets and liabilities, based upon the fair values of their assets and liabilities as of the dates of their respective acquisitions by us.