PSEG Energy Technologies, an unregulated subsidiary of Public Service Enterprise Group, announced the acquisition of its seventh mechanical service company, Virginia-based East Coast Mechanical Inc. East Coast Mechanical has annual sales of $5 million.
Wilmar Announces Major Acquisition
Wilmar Industries Inc. announced an agreement to purchase plumbing specialties distributors J.A. Sexauer Inc., Sexauer Ltd. And Trayco of S.C. Inc. The three companies have revenues near $75 million, and will expand Wilmar's broad product line.
Comfort Systems Takes E-Commerce Initiative
Comfort Systems USA Inc. announced the acquisition of Outbound Services, an Internet-based call center, and plans to expand the company as an Internet and e-commerce platform to serve its national accounts.
Comfort Systems' Third Quarter Results
Comfort Systems USA Inc. announced its revenues for the third quarter at about $374 million, a 61 percent increase over the same period in 1998. Net income was approximately $12 million.
U.S. Industries Reports 1999 Results
U.S. Industries Inc. announced its income for 1999 at $148 million, or $1.57 per diluted share. In 1998, the company had $145 million for the same period. Fourth quarter income was $49 million, up $4 million from the same period of the previous year.
Lennox Announces Stock Buy-Back Plan
Lennox International Inc. announced a two-phase stock buy-back plan of up to 5 million shares. The plan may include up to 2 million shares before the closing of the Service Experts Inc. acquisition during the first quarter of 2000.
