Comfort Systems USA to acquire Walker TX Holding Company

Comfort Systems USA, Inc. entered into a Purchase Agreement to acquire all outstanding securities of Walker TX Holding Company, Inc. The initial purchase price is approximately $178 million in cash plus a $25 million promissory note, with additional earn-out payments based on future EBITDA through December 31, 2023.

“On February 21, 2019, Comfort Systems USA, Inc. (the “Company”) entered into a Purchase Agreement (the “Purchase Agreement”) with Walker TX Holding Company, Inc., a Texas corporation (“Walker”), the holders of all the outstanding securities of Walker (collectively, the “Shareholder Sellers”) and Scott Walker, as representative of the Shareholder Sellers, pursuant to which the Company will acquire all of the outstanding securities of Walker.”

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