Comfort Systems USA to Acquire Ivey Mechanical Company

Comfort Systems USA Acquires J & S Mechanical Contractors

February 2, 2024

Construction

Comfort Systems USA, Inc. acquired J & S Mechanical Contractors, Inc., a West Jordan, Utah-based mechanical construction services firm founded in 1976. Crewe Capital served as exclusive advisor to J & S; the business is expected to contribute approximately $145M–$160M of annualized revenue and $12M–$15M of EBITDA and to be neutral to slightly accretive to Comfort Systems' EPS in 2024–2025. The acquisition expands Comfort Systems' presence in the Intermountain West and brings J & S's technical construction capabilities into Comfort Systems' national platform.

Comfort Systems USA Acquires Summit Industrial Construction

January 2, 2024

Construction

Comfort Systems USA, Inc. has acquired Summit Industrial Construction, LLC, a Houston-based specialty industrial mechanical contractor, from The Stephens Group. Summit provides engineering, design-assist and turnkey construction services for modular systems serving advanced technology (including chip fabs), power, and industrial sectors; Comfort Systems said the acquisition adds complementary capabilities, workforce and scale to better serve customers.

Comfort Systems USA Acquires Edwards, Thermal Businesses and Kodiak Labor Solutions

January 5, 2022

Construction

Comfort Systems USA (NYSE: FIX) acquired MEP Holding Co., Inc. and its subsidiaries including Edwards Electrical & Mechanical, Inc., a Richmond, Kentucky-based service and controls business (Thermal Service, LLC and TES Controls, LLC), and Kodiak Labor Solutions, LLC, a temporary staffing firm based in Indiana. The additions expand Comfort Systems USA's Midwest footprint, add specialized clean-room and controls capabilities, bolster HVAC service and chiller maintenance capacity in Kentucky, and augment skilled labor resources for project staffing.

Leap Partners Acquires Comfort Design, Premier Indoor Comfort Systems and Aire Solutions

July 11, 2023

HVAC & Mechanical

Leap Partners completed add-on acquisitions of three HVAC companies — Comfort Design (Kentucky), Premier Indoor Comfort Systems (Georgia and North Carolina), and Aire Solutions (Missouri) — expanding its Southeast footprint. The former owners (Chris Hagerman, Steve Samson and Tim Funke) will remain with their teams as the businesses operate under Leap Partners’ portfolio to grow HVAC, plumbing and electrical service capabilities across the region.

Comfort Systems USA Acquires Atlantic Electric, LLC

April 4, 2022

Construction

Comfort Systems USA, Inc. (NYSE: FIX) has acquired Atlantic Electric, LLC, a Charleston, South Carolina–based electrical contractor with operations in South Carolina and western North Carolina. Atlantic brings approximately $50 million of annualized revenue and specialized capabilities including airport runway lighting and industrial electrical services, expanding Comfort Systems USA's presence and capabilities in the Carolinas and the Southeast.

Pueblo Mechanical & Controls Acquires Innovative Mechanical Systems

August 5, 2019

HVAC & Mechanical

Huron Capital-backed Pueblo Mechanical & Controls (the ExecFactor platform) has acquired Innovative Mechanical Systems, a Phoenix-based commercial HVAC installer and service provider. The undisclosed add-on deal expands Pueblo's service offerings and geographic reach in the Phoenix market and adds experienced technicians and preventative maintenance capabilities to the platform.