Emcor to acquire 19 Comfort Systems USA subsidiaries for $186.25M

Emcor Group signed a definitive agreement to acquire 19 mechanical-contracting subsidiaries from Comfort Systems USA for $186.25 million ($164.25M cash plus ~$22M assumed notes), expanding Emcor's Midwest and New Jersey presence. This is a carve-out/divestiture of contracting companies from a consolidator.

“Emcor Group, Inc., signed a definitive agreement with Comfort Systems USA to acquire 19 of Comfort Systems USA’s subsidiary companies. Under the agreement, Emcor will pay Comfort Systems $186.25 million, approximately $164.25 million in cash and approximately $22 million by assumption of Comfort Systems notes payable to former owners of certain acquired companies.”

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