Comfort Systems USA Divests ARC Assets to EMCOR Subsidiary

Comfort Systems USA, Inc. sold certain assets of its wholly-owned subsidiary ARC Comfort Systems USA, Inc. to Mesa Energy Systems, Inc., a subsidiary of EMCOR Group, Inc., for approximately $0.7 million in cash. The company is also shutting down the remaining operations of ARC.

“On June 1, 2006, Comfort Systems USA, Inc. (the “Company”) along with its wholly-owned subsidiary, ARC Comfort Systems USA, Inc. (“ARC”), entered into an asset purchase agreement to sell certain assets of ARC to Mesa Energy Systems, Inc. (a subsidiary of EMCOR Group, Inc.) for approximately $0.7 million in cash, subject to a purchase price adjustment based upon the closing balance sheet for the transferred assets.”

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