EMCOR–Comfort Systems deal terms: $164.25M cash plus note assumption

The EMCOR acquisition is structured as approximately $164.25 million in cash plus $22 million in assumed Comfort Systems notes payable to former owners; the acquired companies had ~$650 million in 2001 revenues and ~3,800 employees across 11 states.

“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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