Comfort Systems to Acquire Remaining Interest in Environmental Air Systems
In November 2011, Comfort Systems acquired 60 percent of EAS with an option to acquire the remainder
HOUSTON — Comfort Systems USA Inc., a leading provider of commercial, industrial, and institutional HVAC services, announced that it has entered into an agreement to acquire the remaining 40 percent noncontrolling interest in Environmental Air Systems (EAS), headquartered in Greensboro, North Carolina, effective Jan. 1, 2016.
In November 2011, Comfort Systems USA acquired 60 percent of EAS with an option to acquire the remainder of EAS beginning in late 2016. Since that transaction, EAS has been a majority-owned subsidiary and has been accounted for on a consolidated basis. This agreement will result in Comfort Systems USA acquiring the remaining interest of EAS.