Business Editors
HOUSTON--(BUSINESS WIRE)--August 18, 2008--Comfort Systems USA, Inc. (NYSE:FIX), a leading provider of commercial, industrial and institutional heating, ventilation and air conditioning (“HVAC”) services, today announced that it has acquired Delcard Associates, Inc. (“Delcard”), a full service commercial HVAC company based in Wilmington, Delaware. Delcard had 2007 revenues of approximately $45 million, and if Delcard had been part of Comfort Systems in 2007 we believe it would have contributed earnings before interest, taxes, depreciation and amortization of at least $3.2 million.
Bill Murdy, Comfort Systems USA's Chairman and CEO,noted, “We are very pleased to bring Delcard into the Comfort Systems USA family of companies. Delcard has an ideal geographic location for Comfort Systems, and given its construction and service reputation throughout Delaware, and especially given the strength of its excellent workforce, we believe Delcard will make a strong contribution to our continuing operations.”
Comfort Systems USA ® is a premier provider of business solutions addressing workplace comfort, with 74 locations in 59 cities around the nation. For more information, visit the Company’s website at www.comfortsystemsusa.com.
As the representative of Delcard Associates, Inc., Brandywine Mergers & Acquisitions is an advisory firm to privately held business owners. BMA is a leading provider of “sell-side” transactional services to the owners of profitable manufacturing, distribution, and service based companies in the Middle Atlantic Region. To learn more about BMA, visit the Company's website at www.vrbrandywine.com
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