Add-on Acquisition • Construction

Comfort Systems Acquires Eldeco

On February 22, 2023, Comfort Systems acquired construction company Eldeco

Acquisition Context
  • This is Comfort Systems’ 12th transaction in the Construction sector.
  • This is Comfort Systems’ 19th transaction in the United States.
  • This is Comfort Systems’ 2nd transaction in South Carolina.

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M&A Deal Summary

Date February 22, 2023
Target Eldeco
Sector Construction
Buyer(s) Comfort Systems
Deal Type Add-on Acquisition

Target Company

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.
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Buyer Overview 1

Buyer

Comfort Systems

Houston, Texas, United States

Category Company
Founded 1917
Sector Business Services
Employees15,800
Revenue 7.0B USD (2024)
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 Context for Buyer #
Overall 19 of 21
Sector: Construction 12 of 14
Type: Add-on Acquisition 17 of 19
State: South Carolina 2 of 2
Country: United States 19 of 21
Year: 2023 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-04 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-02 Summit Industrial

Houston, Texas, United States

Summit Industrial is a heavy industrial contractor serving customers primarily in the power, chemical, paper, plastics, utilities, minerals and mining, and food/beverage markets. Summit provides customers turn-key solutions including construction, engineering, project planning, fabrication, installation, demolition and maintenance/repair services. Summit Industrial was founded in 1996 and is based in Houston, Texas.

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