- July 1, 2021
- Posted by: Stratford Team
- Category: Business
HOUSTON–(BUSINESS WIRE)–Comfort Systems USA, Inc. (NYSE: FIX) today announced that it has entered into a definitive agreement to acquire the Amteck, LLC family of companies (“Amteck”) headquartered in Lexington, Kentucky.
Amteck was founded in 1977 and provides electrical contracting solutions and services, including design and build, pre-fabrication and installation for core electric and low-voltage systems, as well as services for planned maintenance, retrofit and emergency work. Amteck is headquartered in Kentucky and focuses on the greater Southeastern United States, including Kentucky, Tennessee and the Carolinas. Amteck is expected to contribute annualized revenues of approximately $175 million to $200 million, and earnings before interest, taxes, depreciation and amortization of $14 million to $17 million. In light of the required amortization expense related to intangibles and other costs associated with the transaction, the…