Comfort Systems USA, Inc. completed the acquisition of J & S Mechanical Contractors, Inc. for approximately $120 million.
February 01, 2024
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Comfort Systems USA, Inc. (NYSE:FIX) acquired J & S Mechanical Contractors, Inc. on February 1, 2024. Crewe Capital, LLC acted as financial advisor to J & S Mechanical Contractors, Inc.
Comfort Systems USA, Inc. (NYSE:FIX) completed the acquisition of J & S Mechanical Contractors, Inc. for approximately $120 million on February 1, 2024. Comfort Systems paid cash of $100 million at closing, net $14.802 million cash and cash equivalents acquired, issued notes to former owners of $10 million and contingent earn-out payments will be $9.052 million.
Comfort Systems USA, Inc. provides mechanical and electrical contracting services. The Company operates through two segments: Mechanical and Electrical. The Mechanical segment principally includes heating, ventilation and air conditioning (HVAC), plumbing, piping and controls, as well as off-site construction, monitoring and fire protection. This segment also installs connecting and distribution elements, such as piping and ducting. The Electrical segment includes installation and servicing of electrical systems. The Company builds, installs, maintains, repairs and replaces mechanical, electrical and plumbing (MEP) systems throughout its approximately 44 operating units at 172 locations across the United States. It is also engaged in offering engineering, design-assist and turnkey, direct hire construction services of modular systems serving the advanced technology, power and industrial sectors. It also provides mechanical construction services to the commercial and industrial sectors.
COMFORT SYSTEMS USA, INC. 
