M&A Deal Summary

Comfort Systems Acquires Atlantic Electric

On April 4, 2022, Comfort Systems acquired construction company Atlantic Electric

Acquisition Highlights
  • This is Comfort Systems’ 11th transaction in the Construction sector.
  • This is Comfort Systems’ 18th transaction in the United States.
  • This is Comfort Systems’ 1st transaction in South Carolina.

M&A Deal Summary
Date 2022-04-04
Target Atlantic Electric
Sector Construction
Buyer(s) Comfort Systems
Deal Type Add-on Acquisition

Target

Atlantic Electric

Charleston, South Carolina, United States
Atlantic Electric is a full-service electrical contractor specializing in commercial, industrial, institutional electrical installations, data cable, and fiber optic cable installation. Atlantic Electric was founded in 1969 and is based in Charleston, South Carolina.

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Buyer(S) 1

Buyer

Comfort Systems

Houston, Texas, United States
Category Company
Founded 1917
Sector Business Services
Employees15,800
Revenue 5.2B USD (2023)
DESCRIPTION
Entrance to Comfort Systems USA's corporate headquarters in Houston, Texas.
Entrance to Comfort Systems USA's corporate headquarters in Houston, Texas.

Comfort Systems is a provider of commercial HVAC, mechanical and electrical contracting to customers ranging from small businesses to Fortune 500 companies. Comfort Systems was incorporated in 1917 and is based in Houston, Texas.

DEAL STATS #
Overall 18 of 21
Sector (Construction) 11 of 14
Type (Add-on Acquisition) 16 of 19
State (South Carolina) 1 of 2
Country (United States) 18 of 21
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-05 MEP Holding

Indianapolis, Indiana, United States

MEP Holding is a construction company, operates through its subsidiary Edwards Electrical & Mechanical its provides electrical, mechanical and controls contracting services. MEP Holding is based in Indianapolis, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-22 Eldeco

Piedmont, South Carolina, United States

Eldeco is an operator of a privately owned company engaged in the electrical design and construction services in the Southeastern region. Eldeco was founded in 1972 and is based in Piedmont, South Carolina.

Buy -
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