Like a phoenix from the ashes, Encompass Services begins anew.
The Houston-based consolidator was part of a consolidation boom, where companies such as Comfort Systems and Lennox Retail saw tremendous revenues. It posted $966.5 million in revenues for its first quarter, and a net income of $14 million. Its then-President and CEO Joseph Ivey predicted 2000 revenues to top the $4 billion mark. It almost made it in 2001 with about $3.9 billion in revenue and was No. 4 on Plumbing & Mechanical’s Pipe Trades Giants list.