UPDATE: EMCOR Completes Acquisition Of Comfort Systems' Subsidiaries
EMCOR Group has completed its acquisition of 19 subsidiary companies of Houston-based Comfort Systems USA. The total purchase price is $186.25 million.
Norwalk, Conn.-based EMCOR Group has completed its acquisition of 19 subsidiary companies of Houston-based Comfort Systems USA. The companies, which are predominantly from the Midwest and the New York metro area, posted combined revenues of $650 million. The total purchase price is $186.25 million.
Comfort Systems plans to use about $160 million to reduce debt and substantially strengthen its balance sheet.