February 22, 2002—EMCOR Group, Inc., has signed an agreement with Comfort Systems USA to acquire 19 of Comfort Systems USA’s subsidiary companies. Under terms of the agreement, EMCOR Group, a provider of mechanical and electrical construction services and facilities services, will pay Comfort Systems $186.25 million. The acquisition will significantly enhance EMCOR’s geographic footprint, increasing its presence in growing industrial markets, while creating further cross-selling opportunities for the company’s facilities services operations. Additionally, the acquisition will further diversify the company’s revenue base.
The companies to be acquired had 2001 revenues of approximately $650 million and employ approximately 3,800 technical and service employees in 11 states. These companies, which are predominantly in the Midwest and New Jersey, are active in the installation and maintenance of mechanical systems, including the design and installation of process and fire protection systems, and provide services to a wide variety of industries, including the food processing, pharmaceutical, and manufacturing/distribution sectors. For more information on EMCOR Group, visit their Web site as well as their ad on FMLink.
