EMCOR To Buy 19 Comfort Systems Subsidiaries; Hess To Retire In April
Mechanical services conglomerate EMCOR Group Inc. announced an agreement with Comfort Systems USA to purchase 19 Comfort Systems subsidiary companies.
EMCOR will pay Comfort Systems $186.25 million -- approximately $164.25 million in cash, and $22 million in assumed Comfort Systems notes payable to former owners of certain of the acquired companies.