Comfort Systems USA announced that it has entered into an agreement to acquire Dyna Ten headquartered in Fort Worth, Texas. Dyna Ten is a regional mechanical contractor based in Fort Worth, Texas. Initially Dyna Ten is expected to contribute annualized revenues of approximately $70M-$80M. The transaction is currently scheduled to close on or about May 1 and is subject to customary closing conditions including approval by the shareholders of Dyna Ten. In light of the required amortization expense related to intangibles and other costs associated with the transaction, the acquisition is expected to make a neutral to slightly accretive contribution to EPS during the first 12 to 18 months after the acquisition.
- Mergers, Acquisitions & Takeovers