Comfort Systems USA, Inc. (NYSE: FIX), a leading provider of HVAC and electrical contracting services, announced today that it has agreed to acquire Summit Industrial Construction, LLC, a specialty industrial mechanical contractor based in Houston, Texas. The deal is expected to close in the first quarter of 2024.

Summit offers engineering, design-assist and turnkey construction services of modular systems for the advanced technology, power, and industrial sectors. Summit has a strong track record of delivering large scale modular projects for some of the world’s largest chip fabrication companies. Summit is expected to add $360 million to $400 million in annualized revenues and $30 million to $45 million in EBITDA to Comfort Systems USA.

Brian Lane, CEO of Comfort Systems USA, said that the acquisition will expand and diversify their modular construction offering, which is experiencing high demand and growth. He added that Summit will be a key platform to further enhance their off-site solutions for advanced technology and heavy industrial customers. He praised Summit’s capabilities, reputation, and leadership team, and expressed his excitement that Summit has chosen to join Comfort Systems USA.

Jeff Johnson, CEO of Summit, said that they chose Comfort Systems USA based on their belief that they can leverage their complementary capabilities and assets to better serve their customers. He said that Summit and Comfort Systems USA share a strong culture and a commitment to their team members. He said that they believe that they have a bright future together.

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