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Market commentary Mar 2002

EMCOR bought Comfort Systems units below late-1990s roll-up prices

EMCOR's CEO said the company bought the 19 firms for a lower price than Comfort Systems had paid during its late-1990s acquisition spree, when EMCOR had thought the prices were too high.

“EMCOR Chief Executive Officer Frank MacInnis told ENR that his company is buying the 19 firms for a lower price than Comfort Systems paid during its buying spree in the late 1990s. At that time, EMCOR "thought the prices were too high," MacInnis said.”

Entities

Comfort Systems USA · Target EMCOR Group · Acquirer Frank MacInnis · Mentioned
HVAC

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