Comfort Systems USA, Inc., a leading provider of commercial, industrial and institutional HVAC services, today announced that it has acquired ColonialWebb Contractors, Richmond, VA. ColonialWebb serves mechanical contracting, HVAC, and industrial refrigeration customers in Richmond and Norfolk, Virginia, North Carolina, and South Carolina. The ColonialWebb acquisition is expected to contribute annualized revenues of approximately $180 million to $190 million to Comfort Systems, USA operations.
"We’re extremely pleased that ColonialWebb is joining Comfort Systems USA,” says Bill Murdy, ComfortSystems USA CEO. “ColonialWebb has a long history of excellence throughout the mid-Atlantic region and will immediately become our largest subsidiary. With excellent capabilities, systems, resources and leadership at every level, ColonialWebb will continue to be a significant factor in the mechanical contracting and service industries overall, and we expect that, over time, interaction between our existing companies and ColonialWebb will strengthen and improve all of Comfort Systems USA."
ComfortSystems USA will host a conference call to discuss its financial results and position on Tuesday, August 3, 2010 at 10:00 a.m. Central Time. The call-in number for this conference call is 1-888-713-4218 and enter 15208700 as the passcode. Participants may pre-register for the call at https://www.theconferencingservice.com/prereg/key.process?key=PY4VJDERQ.