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Comfort Systems USA Announces the Strategic Merger of Two of Its Largest Companies
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01/16/2005
HOUSTON--Nov. 12, 2003--Comfort Systems USA, Inc. (NYSE:FIX) announced the merger of two of its largest companies, Helm Corporation - San Diego and Weather Engineering, to form California Comfort Systems USA. This merger comes on the heels of the recent incorporation of RMC2 into the Helm Corporation.
The merger of Helm and Weather will result in a $60 million/year, full-service mechanical contracting organization offering a range of professional HVAC installations that includes sheet metal, piping, plumbing, process piping, and controls, along with testing and balance and commissioning services. The merger of these two companies is intended to enhance the company's ability to deliver fast-track and turnkey solutions to customers along the entire West Coast.
"By integrating the capabilities of these two companies, we are in a stronger position and have the resources and flexibility to service the Fortune 500 commercial, industrial, and institutional clients in our marketplace," according to Roger Wells, president of California Comfort Systems USA.
Dave Lanphar, regional vice president of Comfort Systems USA, Inc., said, "California Comfort Systems USA supports our vision of providing single-source building solutions for our clients in the California market. This merger will enhance our strategy of building Comfort Systems USA into a superior full-service mechanical organization."
Comfort Systems USA (www.comfortsystemsusa.com) is a premier provider of business solutions addressing workplace comfort, environments, processes, and energy services with more than 70 locations across the U.S. Comfort Systems USA has annualized revenues of approximately $900 million and is headquartered in Houston, Texas.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current plans and expectations of Comfort Systems USA. Inc. and involve risks and uncertainties that could cause actual future activities and results of operations to be materially different from those set forth in the forward-looking statements. Important factors that could cause actual results to differ include risks detailed in the Company's reports filed with the Securities and Exchange Commission.
