Company:Comfort Systems USA

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Comfort Systems USA, Inc.
TypePublic company
IndustryHVAC
Founded1997; 28 years ago (1997)
Headquarters
Houston, Texas
,
United States
Key people
Franklin Myers (Chairman), Brian E. Lane (President & CEO), William George, III, (CFO)
RevenueIncrease US$7.027 billion (2024)
Increase US$522 million (2024)
Total assetsIncrease US$4.711 billion (2024)
Total equityIncrease US$1.704 billion (2024)
Number of employees
18,300 (2024)
Websitecomfortsystemsusa.com
Footnotes / references
[1]

Comfort Systems USA, Inc. is an American company that provides mechanical and electrical contracting services, primarily HVAC, plumbing, piping and controls, off-site construction, monitoring and fire protection, and installation and servicing of electrical systems.[1]

The company is registered in Delaware and headquartered in Houston, Texas. It has 47 operating units with 178 locations in 136 cities in the United States.[1] It is ranked 520th on the Fortune 500.[2] In 2024, the company was ranked 6th by Engineering News-Record on its list of the top 600 specialty contractors.[3]

In 2024, 56.7% of revenue was from installation services in newly constructed facilities and 43.3% was from renovation, expansion, maintenance, repair and replacement services in existing buildings.[1]

History

In June 1997, 12 companies were merged into the newly-formed Comfort Systems USA, which then became a public company via an initial public offering.[4][5]

In February 2002, after a decline in business after the September 11 attacks and facing $205 million in debt due the following year, the company sold 19 subsidiaries to Emcor for $164 million in cash and the assumption of $22 million of debt.[6][7]

Acquisitions

# Year Company Description of Assets Ref(s).
1 1998 Portfolio of 16 businesses Price was $125 million in cash [8]
2 1998 Shambaugh & Son Price was $50 million in cash, $30 million in notes and $30 million in common stock; division was sold to Emcor in 2002 [9]
3 2000 Wichita Air Conditioning [10]
4 2010 ColonialWebb Contractors [11]
5 2017 BCH Mechanical $100 million in revenues [12]
6 2020 Starr Electric Offices in North Carolina and South Carolina [13]
7 2024 J & S Mechanical Contractor Specializes in data center HVAC systems and hospital medical gas systems [14]

References

  1. ↑ 1.0 1.1 1.2 1.3 "Comfort Systems USA, Inc. 2024 Form 10-K Annual Report". U.S. Securities and Exchange Commission. February 20, 2025. https://www.sec.gov/ix?doc=/Archives/edgar/data/0001035983/000155837025001222/fix-20241231x10k.htm. 
  2. ↑ "Comfort Systems USA". https://fortune.com/company/comfort-systems-usa/fortune500/. 
  3. ↑ "ENR 2023 Top 600 Specialty Contractors". Engineering News-Record. https://www.enr.com/toplists/2024-Top-600-Specialty-Contractors-Preview. 
  4. ↑ Carroll, Chris (April 13, 1997). "Another roll-up IPO rolling out". American City Business Journals. https://www.bizjournals.com/houston/stories/1997/04/14/story3.html. 
  5. ↑ Hamilton, Martha M. (July 27, 1997). "CONDITIONED TO CONSOLIDATE". The Washington Post. https://www.washingtonpost.com/archive/business/1997/07/27/conditioned-to-consolidate/05e790c0-316c-410a-9d14-b615ec7e49a4/. 
  6. ↑ "Heavily In Debt Comfort Systems Sells Key Operations To Emcor". Engineering News-Record. February 18, 2002. https://www.enr.com/articles/35258-heavily-in-debt-comfort-systems-sells-key-operations-to-emcor. 
  7. ↑ "COMPANY NEWS; COMFORT SYSTEMS SELLS 19 UNITS TO EMCOR". The New York Times. Bloomberg News. February 13, 2002. https://www.nytimes.com/2002/02/13/business/company-news-comfort-systems-sells-19-units-to-emcor.html. 
  8. ↑ "COMPANY NEWS; COMFORT SYSTEMS SAYS IT ACQUIRED 16 MORE BUSINESSES". The New York Times. Bloomberg News. February 27, 1998. https://www.nytimes.com/1998/02/27/business/company-news-comfort-systems-says-it-acquired-16-more-businesses.html. 
  9. ↑ "COMPANY NEWS; COMFORT SYSTEMS SAYS IT HAS ADDED SHAMBAUGH & SON". The New York Times. Bloomberg News. November 17, 1998. https://www.nytimes.com/1998/11/17/business/company-news-comfort-systems-says-it-has-added-shambaugh-son.html. 
  10. ↑ Dinell, David (September 24, 2000). "Comfort Systems brings veteran company into its fold". American City Business Journals. https://www.bizjournals.com/wichita/stories/2000/09/25/story3.html. 
  11. ↑ Hall, Christine (July 28, 2010). "Local HVAC co. acquires North Carolina-based electric contractor". American City Business Journals. https://www.bizjournals.com/houston/stories/2010/07/26/daily31.html. 
  12. ↑ Manning, Margie (April 3, 2017). "Texas HVAC firm closes $100M deal for Tampa mechanical contractor". American City Business Journals. https://www.bizjournals.com/tampabay/news/2017/04/03/texas-hvac-firm-closes-100m-deal-for-tampa.html. 
  13. ↑ Little, Jane (February 11, 2020). "Local HVAC co. acquires North Carolina-based electric contractor". American City Business Journals. https://www.bizjournals.com/houston/news/2020/02/11/local-hvac-co-acquires-north-carolina-based.html. 
  14. ↑ "Comfort Systems (FIX) Expands With the J & S Acquisition". Yahoo Finance. February 5, 2024. https://finance.yahoo.com/news/comfort-systems-fix-expands-j-161800750.html. 

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