Comfort Systems USA Acquires ColonialWebb Contractors

Comfort Systems USA, Inc. entered into a stock purchase agreement to acquire all outstanding stock of ColonialWebb Contractors Company for approximately $81.3 million, consisting of $57.1 million in cash and $24.2 million in notes, with a working capital adjustment and four-year earn-out.

“On July 28, 2010, Comfort Systems USA, Inc. (the “Company”) entered into a stock purchase agreement (the “Stock Purchase Agreement”) to purchase all of the issued and outstanding stock of ColonialWebb Contractors Company (“ColonialWebb”) from HWWJR LC, HMWSR LC, Mitchell Frederick Haddon, Gary Jon Warness, and Curtis Michael Wood.”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.