Comfort Systems USA (FIX) has acquired Atlantic Electric
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Comfort Systems USA Announces Acquisition
April 4, 2022 7:00 AM EDTHOUSTON--(BUSINESS WIRE)-- Comfort Systems USA, Inc. (NYSE: FIX) (Comfort Systems USA) today announced that it has acquired Atlantic Electric, LLC, and its related subsidiary (together, Atlantic), headquartered in Charleston, South Carolina, and with operations in South Carolina and Western North Carolina.
Atlantic was founded in 1969 and performs electrical contracting for customers in various South Carolina markets, as well as installation of airport runway lighting in the Southeast. Initially, Atlantic is expected to contribute annualized revenues of approximately $50 million, and earnings before interest, taxes, depreciation, and amortization of approximately $5 million.
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