Newsline

Emcor Acquires Comfort Systems’ Subsidiaries

February 16, 2002
/ Print / Reprints /
ShareMore
/ Text Size+
NORWALK, CT — 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.

The companies to be acquired are predominately in the Midwest and New Jersey, and are active in the installation and maintenance of mechanical systems. The companies include Shambaugh & Son, Inc. (Fort Wayne, IN), F&G Mechanical (Secaucus, NY), North Jersey Mechanical Contractors (Waldwick, NJ), NJM Service Company, Inc. (Waldwick, NJ), Maximum Refrigeration & Air Conditioning Corp. (Newark, NJ), Temprite (Hawthorne, NJ), Gotham Air Conditioning Service, Inc. (Long Island City, NY), Mandell Mechanical Corp. (New York, NY), Kuempel Service, Inc. (Cincinnati, OH), American Mechanical, Inc. (Detroit, MI), Nogle & Black Mechanical, Inc. (Urbana, IL), E.L. Pruitt Company (Springfield, IL), The Fagan Company (Kansas City, KS), Central Mechanical Construction (Manhattan, KS), Kilgust Mechanical, Inc. (Madison, WI), Walker-J-Walker, Inc. (Memphis, TN), Lowrie Electric Company, Inc. (Memphis, TN), Border Electric & Mechanical (El Paso, TX), and Hillcrest Sheet Metal, Inc. (Bakersfield, CA).

“This acquisition is an excellent strategic fit,” said Frank T. MacInnis, chairman and ceo of Emcor. “The transaction brings into the Emcor family a number of high-quality operating companies with excellent growth prospects and increases our presence in the Midwest, with the portion of our revenues generated from this region expected to grow to 20% from 2001’s 11%.”

For more information, visit www.emcorgroup.com (website).

Publication date: 02/18/2002

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

Recent Articles by James Siegel

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2014 MCAA Annual Convention

Scenes from the 2014 MCAA Annual Convention in Scottsdale, Ariz.

Podcasts

NEWSmakers: Julian Scadden

Training is an ongoing process. Julian will discuss how you can generate maximum return on time and energy invested training by following a three part process. Listen to this podcast to get expert tips on training, tracking and follow up. 

More Podcasts

ACHRNEWS

NEWS 04-21-14 cover

2014 April 21

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

SERVICE CALLS POLL

Which statement on service calls best applies to your business?
View Results Poll Archive

HVACR INDUSTRY STORE

plumbing-hvac.gif
2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

 

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

DON'T MISS A THING

Magazine image
 
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.

STAY CONNECTED

facebook icontwitter iconyoutube iconLinkedIn i con