HOUSTON–(BUSINESS WIRE)–Comfort Systems USA, Inc. (NYSE: FIX) (“Comfort Systems USA”) today announced that it has acquired MEP Holding Co., Inc., and its related subsidiaries, including Edwards Electrical & Mechanical, Inc. (collectively, “Edwards”), headquartered in Indianapolis, Indiana. Comfort Systems USA also announced that it has acquired a service and controls business headquartered in Richmond, Kentucky and a temporary staffing company based in Indiana.
Edwards was founded in 1968 and performs electrical, mechanical and controls contracting services, as well as site improvement projects, in the Midwest region of the United States. Initially, Edwards is expected to contribute annualized revenues of approximately $85 to $95 million, and earnings before interest, taxes, depreciation, and amortization of $6 to $8 million.
Brian Lane, Comfort Systems USA’s Chief Executive Officer, commented, “Edwards and its affiliated companies bring us a solid full-service presence in Indianapolis, and provide Comfort Systems USA access to remarkable specialized capabilities in clean room solutions that will complement our off-site construction and pre-fabrication solutions.”
Paul Morey, President of Edwards, commented, “Having known and admired Comfort Systems USA for nearly 25 years, partnering with them was an easy decision. We greatly value their shared commitment to employee growth and education as well as the complementary focus on teamwork and…
