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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
Under the Securities Act of 1934
Emcor Group Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
29084Q100
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(CUSIP Number)
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The information required in the remainder of this cover page (except any items
to which the form provides a cross-reference) shall not be deemed to be "filed"
for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or
otherwise subject to the liabilities of that section of the Act but shall be
subject to all other provisions of the Act.
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CUSIP No. 29084Q100 13G Page 2 of 8 Pages
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1 Name of Reporting Person Steven A. Van Dyke
I.R.S. Identification No. of Above Person Not applicable
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2 Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ]
(b) [X]
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3 SEC Use Only
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4 Citizenship or Place of Organization
United States
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Number of 5 Sole Voting Power
Shares
814,200
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Beneficially 6 Shared Voting Power
Owned by
0
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Each 7 Sole Dispositive Power
Reporting
814,200
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Person With 8 Shared Dispositive Power
0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
814,200
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10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) [ ]
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11 Percent of Class Represented by Amount in Row (9)
8.50%
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12 Type of Reporting Person (See Instructions)
IN, HC
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CUSIP No. 29084Q100 13G Page 3 of 8 Pages
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1 Name of Reporting Person Tower Investment Group, Inc.
I.R.S. Identification No. of Above Person 59-2924229
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2 Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ]
(b) [X]
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3 SEC Use Only
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4 Citizenship or Place of Organization
Florida
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Number of 5 Sole Voting Power
Shares
807,000
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Beneficially 6 Shared Voting Power
Owned by
0
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Each 7 Sole Dispositive Power
Reporting
807,000
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Person With 8 Shared Dispositive Power
0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
807,000
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10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) [ ]
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11 Percent of Class Represented by Amount in Row (9)
8.43%
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12 Type of Reporting Person (See Instructions)
HC
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CUSIP No. 29084Q100 13G Page 4 of 8 Pages
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1 Name of Reporting Person Bay Harbour Management, L.C.
I.R.S. Identification No. of Above Person 59-3418243
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2 Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ]
(b) [X]
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3 SEC Use Only
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4 Citizenship or Place of Organization
United States
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Number of 5 Sole Voting Power
Shares
807,000
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Beneficially 6 Shared Voting Power
Owned by
0
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Each 7 Sole Dispositive Power
Reporting
807,000
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Person With 8 Shared Dispositive Power
0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
807,000
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10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) [ ]
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11 Percent of Class Represented by Amount in Row (9)
8.43%
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12 Type of Reporting Person (See Instructions)
IA
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CUSIP No. 29084Q100 13G Page 5 of 8 Pages
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Item 1(a) Name of Issuer:
Emcor Group Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
200 Park Avenue
New York, New York 10166-4999
Item 2(a) Name of Person(s) Filing:
Bay Harbour Management, L.C. ("Bay Harbour"), Tower Investment
Group, Inc. ("Tower"), as the majority stockholder of Bay
Harbour, and Steven A. Van Dyke, in his capacity as the sole
stockholder and President of Tower.
Item 2(b) Address of Principal Business Office:
The principal business address of Bay Harbour, Tower and Mr. Van
Dyke is 777 South Harbour Island Boulevard, Suite 270, Tampa,
Florida 33602.
Item 2(c) Citizenship:
Bay Harbour - Florida
Tower - Florida
Mr. Van Dyke - United States
Item 2(d) Title of Class of Securities:
Common Stock
Item 2(e) CUSIP Number:
29084Q100
Item 3 The person(s) filing is (are):
Bay Harbour is an investment adviser registered under Section 203
of the Investment Advisers Act of 1940.
Tower is a parent holding company of Bay Harbour.
Mr. Van Dyke is a "parent holding company" of Bay Harbour.
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CUSIP No. 29084Q100 13G Page 6 of 8 Pages
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Item 4(a) Amount Beneficially Owned:
As of December 31, 1997, Bay Harbour may be deemed to be the
beneficial owner of 807,000 shares of Common Stock of Emcor Group
Inc. as a result of voting and dispositive power that it held
with respect to the 807,000 shares of Common Stock of Emcor Group
Inc. held for the account of four private investment funds and
seven managed accounts.
As of December 31, 1997, Tower may be deemed to be the beneficial
owner of the 807,000 shares of Common Stock of Emcor Group Inc.
deemed to be beneficially owned by Bay Harbour referred to above.
Tower is the majority stockholder of Bay Harbour.
As of December 31, 1997, Mr. Van Dyke may be deemed the
beneficial owner of the 814,200 shares of Common Stock of Emcor
Group Inc., consisting of (i) 807,000 shares of Common Stock
deemed to be beneficially owned by Bay Harbour as referred to
above and (ii) 7,200 shares of Common Stock beneficially owned by
Mr. Van Dyke. Mr. Van Dyke is the sole stockholder and President
of Tower.
Item 4(b) Percent of Class:
8.50% (8.43% beneficially owned by Tower and Bay Harbour)
Item 4(c) Number of shares as to which Bay Harbour has:
(i) sole power to vote or direct the vote: 807,000
(ii) shared power to vote or to direct the vote: 0
(iii) the sole power to dispose of or to direct the disposition
of: 807,000
(iv) shared power to dispose of or to direct the disposition of: 0
Bay Harbour does not currently possess any rights to acquire
additional shares of Emcor Group Inc. Common Stock.
Number of shares as to which Tower has:
(i) sole power to vote or direct the vote: 807,000
(ii) shared power to vote or to direct the vote: 0
(iii) the sole power to dispose of or to direct the disposition of:
807,000
(iv) shared power to dispose of or to direct the disposition of: 0
Tower does not currently possess any rights to acquire additional
shares of Emcor Group Inc. Common Stock.
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CUSIP No. 29084Q100 13G Page 7 of 8 Pages
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Number of shares as to which Mr. Van Dyke has:
(i) sole power to vote or direct the vote: 814,200
(ii) shared power to vote or to direct the vote: 0
(iii) the sole power to dispose of or to direct the disposition of:
814,200
(iv) shared power to dispose of or to direct the disposition of: 0
Mr. Van Dyke does not currently possess any rights to acquire
additional shares of Emcor Group Inc. Common Stock.
Item 5. Ownership of Five Percent or Less of a Class.
Inapplicable.
Item 6. Ownership of More than 5% on Behalf of Another Person.
The limited partners of the partnerships and the investors in the
managed accounts for which Bay Harbour acts as an investment
adviser have the right to participate in the receipt of dividends
from, or proceeds from the sale of, securities held by their
funds or accounts, as the case may be. No such fund, single
limited partner of any of such funds nor any investor in a
managed account holds a beneficial interest in the Emcor Group
Inc. Common Stock which would cause such person to be deemed the
beneficial owner of more than five percent of the outstanding
Common Stock of Emcor Group Inc.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company.
See Item 3 hereof.
Item 8. Identification and Classification of Members of the Group.
Inapplicable.
Item 9. Notice of Dissolution of the Group.
Inapplicable.
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CUSIP No. 29084Q100 13G Page 8 of 8 Pages
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Item 10. Certification.
By signing below each of the undersigned certifies that, to the best
of such person's knowledge and belief, the securities referred to
above were acquired in the ordinary course of business and were not
acquired for the purpose of and do not have the effect of changing
or influencing the control of the issuer or such securities and were
not acquired in connection with or as a participant in any
transaction have such purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of their knowledge and belief,
each of the undersigned certify that the information set forth in this statement
is true, complete and correct.
Date: February 6, 1998 BAY HARBOUR MANAGEMENT, L.C.
By: /s/ Steven A. Van Dyke
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Name: Steven A. Van Dyke
Title: President and Chief Executive
Officer
Dated: February 6, 1998 TOWER INVESTMENT GROUP, INC.
By: /s/ Steven A. Van Dyke
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Name: Steven A. Van Dyke
Title: President
Dated: February 6, 1998 /s/ Steven A. Van Dyke
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Steven A. Van Dyke
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Exhibit Index
Exhibit I Joint Filing Agreement, dated February 6, 1998, by and among Bay
Harbour Management, L.C., Tower Investment Group, Inc. and Steven A.
Van Dyke
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Exhibit I
Joint Filing Agreement
The undersigned acknowledge and agree that the foregoing statement on
Schedule 13G is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement shall be filed on behalf of each of the
undersigned without the necessity of filing additional joint filing agreements.
The undersigned acknowledge that each shall be responsible for the timely filing
of such amendments, and for the completeness and accuracy of the information
concerning it contained therein, but shall not be responsible for the
completeness and accuracy of the information concerning the others, except to
the extent that it knows or has reason to believe that such information is
inaccurate.
This Agreement may be executed counterparts and each of such counterparts
taken together shall constitute one and the same instrument.
Date: February 6, 1998 BAY HARBOUR MANAGEMENT, L.C.
By: /s/ Steven A. Van Dyke
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Name: Steven A. Van Dyke
Title: President and Chief
Executive Officer
Date: February 6, 1998 TOWER INVESTMENT GROUP, INC.
By: /s/ Steven A. Van Dyke
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Name: Steven A. Van Dyke
Title: President
Dated: February 6, 1998 /s/ Steven A. Van Dyke
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Steven A. Van Dyke
