SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
EMCOR Group, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
29084Q100
(CUSIP Number)
Mr. Howard P. Berkowitz (212) 664-0990
HPB Associates, L.P. 888 Seventh Avenue
New York, New York 10106
(Name, address and telephone number of person
authorized to receive notices and communications)
August 6, 1996
(Date of event which requires filing of this statement)
______________________
If the filing person has previously filed a statement
on Schedule 13G to report the acquisition which is the subject of
this Schedule 13D, and is filing this schedule because of Rule
13d-1(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with the
statement [ ]. (A fee is not required only if the reporting
person: (1) has a previous statement on file reporting
beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment
subsequent thereto reporting beneficial ownership of five percent
or less of such class.) (See Rule 13d-7.)
Page 1 of 9 Pages
<PAGE>
13D
CUSIP No. 29084Q100
_____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. HPB Associates, L.P.
OF ABOVE PERSON
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS
WC
_____________________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER 427,302
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER 427,302
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON 427,302
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11) 4.5%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON
PN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 9 Pages
<PAGE>
13D
CUSIP No. 29084Q100
_____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. HPB Group, L.L.C.
OF ABOVE PERSON
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS
OO
_____________________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER -0-
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER 427,302 (all shares are
owned for the account of HPB Associates, L.P.)
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER -0-
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER 427,302 (all shares are
owned for the account of HPB Associates, L.P.)
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON 427,302 (all shares are
owned for the account of HPB Associates, L.P.)
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11) 4.5%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON
OO
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 9 Pages
<PAGE>
13D
CUSIP No. 29084Q100
_____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. Howard P. Berkowitz
OF ABOVE PERSON
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS
OO
_____________________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER 427,302 (all shares are
owned for the account of HPB Associates, L.P.)
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER 427,302 (all shares are
owned for the account of HPB Associates, L.P.)
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON 427,302 (all shares are
owned for the account of HPB Associates, L.P.)
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11) 4.5%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON
IN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 9 Pages
<PAGE>
13D
CUSIP No. 29084Q100
_____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. Terry O'Connor
OF ABOVE PERSON
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS PF
_____________________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER 1,500
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER -0-
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER 1,500
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER -0-
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON 1,500
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11) 0.016%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON
IN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 9 Pages
<PAGE>
This statement on Schedule 13D ("Schedule 13D"), initially filed on
July 8, 1996, by HPB Associates, L.P., a Delaware limited partnership (the
"Partnership"), HPB Group, L.L.C., a Delaware limited liability company ("HPB
Group"), Howard P. Berkowitz and Terry O'Connor relating to the Common Stock
(the "Common Stock") of EMCOR Group, Inc., a Delaware corporation (the
"Company"), is hereby amended by this Amendment No. 1 to the Schedule 13D as
follows:
Item 3. Source and Amount of Funds or Other Consideration
The source of funds for the purchases reported by the
Partnership herein was the Partnership's capital. The total amount
of funds used by the Partnership to purchase the 32,802 shares of
Common Stock purchased by the Partnership since the initial filing of the
Schedule 13D was $528,657.50. The amount of proceeds from sales of Common
Stock made since the initial date of filing of the Schedule 13D was
$3,265,062.50.
Page 6 of 9 Pages
<PAGE>
Item 5. Interest in Securities of the Issuer
Item 5 as reported on Schedule 13D is hereby amended and restated
in its entirety as follows:
(a) As of the close of business on August 9, 1996, (i) the
Partnership owned, within the meaning of Rule 13d-3 under the
Exchange Act, 427,302 shares of the Common Stock representing
approximately 4.5% of the outstanding shares of Common Stock (based
upon 9,512,636 shares of Common Stock reported to be outstanding at
July 31, 1996 in the Company's quarterly report on Form 10-Q filed
with the Securities and Exchange Commission for the quarter ended
June 30, 1996) and (ii) Terry O'Connor owned, within the meaning of
Rule 13d-3 under the Exchange Act, 1,500 shares of the Common Stock
representing approximately 0.16% of the outstanding shares of Common
Stock (based upon 9,512,636 shares of Common Stock reported to be
outstanding at July 31, 1996 in the Company's quarterly report on
Form 10-Q filed with the Securities and Exchange Commission for the
quarter ended June 30, 1996). HPB Group, as sole managing partner
of the Partnership, and Mr. Berkowitz, as Senior Managing Member of
HPB Group, may be deemed the beneficial owner of the 427,302 shares
of Common Stock held by the Partnership.
(b) The Partnership has the sole power to vote and dispose
of 427,302 shares of the Common Stock owned by it, which power may be
exercised by its managing partner, HPB Group and by Mr. Berkowitz as
the Senior Managing Member of HPB Group. Mr. O'Connor has the sole
power to vote and dispose of 1,500 shares of the Common Stock owned
by him.
(c) The trading dates, number of shares of Common Stock
purchased, number of shares of Common Stock sold and the price per share for
all transactions in the Common Stock by the Partnership since the date of the
initial filing of the Schedule 13D are set forth on Schedule A hereto. All
such transactions were open market transactions and were effected on the
Nasdaq National Market.
(d) Not applicable.
(e) The Partnership, HPB Group, Mr. Berkowitz and Mr. O'Connor
ceased to be the beneficial owners of more than five percent of the Common
Stock on August 6, 1996.
Page 7 of 9 Pages
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of their knowledge
and belief, the undersigned certify that the information set forth in
this statement is true, complete and correct.
Dated: August 9, 1996
HPB ASSOCIATES, L.P.
By: HPB GROUP, L.L.C.,
its general partner
By:/s/ HOWARD P. BERKOWITZ
Howard P. Berkowitz
Senior Managing Member
HPB GROUP, L.L.C.
By: /s/ HOWARD P. BERKOWITZ
Howard P. Berkowitz
Senior Managing Member
/s/ HOWARD P. BERKOWITZ
Howard P. Berkowitz
/s/ TERRY O'CONNOR
Terry O'Connor
Page 8 of 9 Pages
<PAGE>
SCHEDULE A
Transactions in the Common Stock By The Partnership
Date Price Number of Number of Total Amount
Traded Per Shares of Shares of
Share Common Common
Stock Stock
Purchased Sold
07/08/96 16.1250 10,000 161,250.00
07/09/96 16.2500 7,902 128,407.50
07/10/96 16.2500 4,900 79,625.00
07/12/96 15.9375 10,000 159,375.00
07/31/96 16.3750 102,500 (1,678,437.50)
08/06/96 15.6250 100,000 (1,562,500.00)
Page 9 of 9 Pages
