Comfort Systems USA divests 19 subsidiaries to EMCOR

Comfort Systems USA agreed to sell 19 of its subsidiary companies, predominantly in the Midwest and New Jersey, to EMCOR Group for $186.25 million.

“Under the terms of the agreement, EMCOR Group will pay Comfort Systems $186.25 million, approximately $164.25 million in cash and $22 million by assumption of Comfort Systems notes payable to former owners of certain of the acquired companies.”

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