Acquisitionverified
Comfort Systems USA acquires Tampa Bay mechanical contractor BCH Mechanical
What happened. NYSE-listed Comfort Systems USA acquired BCH Holdings, Inc., parent of Tampa Bay mechanical contractor BCH Mechanical, in a deal expected to add $100-110 million of annual revenue. BCH provides HVAC, plumbing, medical gas, piping, sheet metal, LEED and design-build services to industrial, medical and commercial customers across ten southeastern states. Comfort Systems CEO Brian Lane called BCH 'a premier mechanical contractor, providing extraordinary outcomes for its customers in industrial, medical and commercial markets,' and BCH president Daryl Blume said 'Comfort Systems USA shares our core beliefs, including customer value, innovation and employee growth.' Comfort Systems guided the deal to be neutral to slightly accretive to EPS over 12-18 months. Price was not disclosed; FMI Capital Advisors was exclusive financial adviser to BCH.
Parties
- Company
- BCH Mechanical (BCH Holdings, Inc.) · Tampa
- Buyer
- Comfort Systems USA, Inc.
- Price
- Not disclosed
The name on the truckBCH Mechanical (BCH Holdings, Inc.)
Tampa
Operating ownerComfort Systems USA, Inc.
Houston, TX
What this kind of deal tends to mean for customers and staff: pricing · sales pressure · technicians · the exit clock.
Sources Verified — primary document
- Comfort Systems USA (2017-04-03) — press release. Revenue contribution, accretion guidance, Lane and Blume quotes
- Business Wire (2017-04-03) — press release. Wire distribution
- FMI Capital Advisors — other. Sell-side adviser announcement; BCH described as Tampa, Florida, 10-state service capability
Researcher notes: Largest disclosed-revenue Tampa Bay mechanical contractor sale in the window even though the purchase price itself was never disclosed.
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