Comfort Systems USA agrees to acquire Summit Industrial, expects $360-400M annual revenue

COMFORT SYSTEMS USA INC

Summit is a specialty modular industrial contractor serving advanced tech, power, and industrial sectors.
Expected to contribute annualized revenues of $360M-$400M and EBITDA of $30M-$45M.
Transaction expected to close in Q1 2024; neutral to slightly accretive to EPS in 2024 and 2025.
Summit adds capacity for large-scale modular programs and expands off-site solutions.
CEO Brian Lane cites strong cultural alignment; Summit CEO Jeff Johnson will continue leading.

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