Comfort Systems USA Buys Indy Companies
Houston-based Comfort Systems USA Inc. (NYSE: FIX) has acquired MEP Holding Co. Inc., including its subsidiary Edwards Electrical & Mechanical Inc. in Indianapolis. Comfort Systems USA has also acquired Indy-based temporary staffing company Kodiak Labor Solutions LLC, as well as Thermal Service LLC and TES Controls LLC in Kentucky.
Edwards specializes in electrical, mechanical and controls contracting services. Comfort Systems USA says Edwards is expected to contribute about $85 to $95 million to its annual revenue.
“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,” said Brian Lane, Comfort Systems USA’s chief executive officer.
Comfort Systems USA says Thermal Service and TES Controls, which provides HVAC service and automation solutions, is expected to contribute about $20 million in annual revenues to its business.
The company says Kodiak Labor Solutions will increase labor resources and is not expected to contribute to revenue on a stand-alone basis.
“Thermal is a true service organization with great relationships and capabilities, including high quality chiller maintenance,” said Lane. “The Kodiak organization has strong skilled labor and recruitment talent, enjoys an ongoing relationship with several of our locations, and we believe Kodiak will help us improve our ability to staff projects and add to our strong project teams in many markets. We are very happy that Edwards, Thermal, and Kodiak are joining Comfort Systems USA and we believe that each of these businesses provide unique opportunities for mutual growth and improvement.”
Financial terms of the deals were not disclosed.