Shambaugh & Son was acquired by industry consolidator Comfort Systems.
Ft. Wayne, Ind.-based Shambaugh & Son Inc., which ranked No. 8 on the 1998 PM 100, was acquired by industry consolidator Comfort Systems (NYSE: FIX) Nov. 16. Shambaugh’s $180 million in revenues pushed Comfort Systems over the $1.1 billion mark, making it the largest PHC industry consolidator in the United States.
“We’re ready to go to the next level with a national platform to serve our current customers more broadly, reach new markets and capture strategic opportunities as energy deregulation unfolds,” said Mark Shambaugh, CEO of Shambaugh & Son. “We are very enthusiastic about the resources and depth that Shambaugh and Comfort can take to the commercial/industrial market, and the base we have together for future growth.”