Announced
Completed
Financials
Tags
Majority
Private
Acquisition
construction services
United States
Domestic
Single Bidder
industrial mechanical contractor
Friendly
Machinery: Industrial
Private Equity
Completed
Synopsis
Comfort Systems USA, a provider of commercial, industrial, and institutional heating, ventilation, air conditioning and electrical contracting services, completed the acquisition of Summit Industrial Construction, a specialty industrial mechanical contractor, from The Stephens Group, a private equity firm. Financial terms were not disclosed. “We are delighted to announce the closing of our agreement to acquire Summit, an extremely capable provider of modular and other complex mechanical services. Summit brings a stellar reputation as a modular technology leader in growing end markets, including multiple ongoing and large semiconductor projects. We are happy to welcome Summit’s wonderful leadership team and excellent production and craft workers across many states, and we are confident Summit will continue to innovate and grow as a part of our network of world-class contracting companies. We are grateful that Summit has chosen to become part of Comfort Systems USA,” Brian Lane, Comfort Systems USA CEO.
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