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Company type | Public company |
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Industry | HVAC |
Founded | 1997 |
Headquarters | Houston, Texas, U.S. |
Key people | Franklin Myers, Chairman Brian E. Lane, President & CEO William George, III, CFO |
Revenue | ![]() |
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Total assets | ![]() |
Total equity | ![]() |
Number of employees | 15,800 (2023) |
Website | comfortsystemsusa |
Footnotes /references [1] |
Comfort Systems USA, organized in Delaware and headquartered in Houston, Texas, 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 has 44 operating units with 172 locations in 131 cities in the United States. [1] It is ranked 629th on the Fortune 500. [2] In 2023, the company was ranked 6th by Engineering News-Record on its list of the top 600 specialty contractors. [3]
In 2023, 54.8% of revenue was from installation services in newly constructed facilities and 45.2% was from renovation, expansion, maintenance, repair and replacement services in existing buildings. [1] In 2023, the company reported record revenue as a result of increases in demand for data centers, semiconductor fabrication plants, food, pet food, and pharmaceuticals. [1]
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]
# | Year | Company | Description of Assets | Ref(s). |
---|---|---|---|---|
1 | February 1998 | Portfolio of 16 businesses | Price was $125 million in cash | [8] |
2 | November 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 | September 2000 | Wichita Air Conditioning | [10] | |
4 | July 2010 | ColonialWebb Contractors | [11] | |
5 | April 2017 | BCH Mechanical | $100 million in revenues | [12] |
6 | February 2020 | Starr Electric | Offices in North Carolina and South Carolina | [13] |
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