Engineering Tech, Construction
Business Wire | February 01, 2024
Comfort Systems USA, Inc. today announced that it has closed its previously announced transaction to acquire Summit Industrial Construction, LLC (“Summit”) headquartered in Houston, Texas.
As previously disclosed, Summit is a specialty industrial mechanical contractor offering engineering, design-assist and turnkey, direct hire construction services of modular systems serving the advanced technology, power, and industrial sectors. Summit’s capabilities encompass a wide range of modular and site-based construction, including process piping, equipment setting, large pipe rack trestles, and related steel erection and specialty concrete work. Summit is a trusted supplier to some of the world’s largest advanced technology, power and industrial companies and is currently deployed on several major chip fabrication projects. Initially, Summit is expected to contribute annualized revenues of approximately $375 million to $400 million, and earnings before interest, taxes, depreciation, and amortization of $35 million to $40 million. In light of the amortization expense, Summit is expected to make a neutral to slightly accretive contribution to earnings per share in 2024 and 2025.
Brian Lane, Comfort Systems USA’s Chief Executive Officer, commented, “We are delighted to announce the closing of our agreement to acquire Summit, an extremely capable provider of modular and other complex mechanical services. Summit brings a stellar reputation as a modular technology leader in growing end markets, including multiple ongoing and large semiconductor projects. We are happy to welcome Summit’s wonderful leadership team and excellent production and craft workers across many states, and we are confident Summit will continue to innovate and grow as a part of our network of world-class contracting companies. We are grateful that Summit has chosen to become part of Comfort Systems USA.”
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Construction
PR Newswire | January 03, 2024
Construction Partners, Inc, a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across six southeastern states, today announced that it has acquired SJ&L General Contractor, LLC, a hot-mix asphalt and sitework company headquartered in Huntsville, Alabama, and Littlefield Construction Company, a soil base, surface treatment and sitework company headquartered in Waycross, Georgia.
Fred J. (Jule) Smith, III, the Company's President and Chief Executive Officer, said, "A key component of our growth strategy is to actively expand service capabilities within existing markets. Both the SJ&L and Littlefield acquisitions expand our services offerings in existing markets while also adding valuable crews and equipment."
Smith continued, "The greater Huntsville metro area and Interstate 65 corridor continue to experience tremendous growth, and we look forward to integrating the SJ&L team with our existing operations at our Alabama platform company, Wiregrass Construction Company. As a combined organization, we can now offer turnkey services spanning the construction value chain on both private and public project opportunities within this market. Likewise, our Georgia platform company, The Scruggs Company, entered the Waycross market just a few months ago through the establishment of a greenfield hot-mix asphalt plant. Now having acquired Littlefield, we are even better positioned to capitalize on a robust surface treatment market and to offer a full range of infrastructure services from a strategic location that can reach from the Port of Brunswick on the Atlantic coast into south-central Georgia. We are pleased to expand both of these crucial growth markets and proud to welcome the employees of SJ&L and Littlefield into our continually growing CPI family."
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Construction
PR Newswire | January 09, 2024
Window Nation, one of the nation's leading window replacement companies, proudly announces its much-anticipated expansion into the vibrant city of Seattle. With a reputation for delivering first-rate windows and unparalleled customer service, Window Nation is set to redefine the standard for home improvement in the Pacific Northwest.
Seattle's unique blend of historic charm and modern architecture makes it an ideal canvas for Window Nation to highlight its diverse range of high-quality window products. The company's CEO and President, Jeff Beck, expressed enthusiasm about this strategic move, saying, "Seattle's dynamic housing landscape and the city's commitment to sustainability align perfectly with our values at Window Nation. We are thrilled to bring our expertise to homeowners in the Pacific Northwest and enhance the beauty and functionality of their homes."
As Window Nation makes its mark in Seattle, Beck emphasized the company's commitment to upholding its renowned quality standards. "Our windows are crafted with precision and designed to withstand the distinctive weather patterns of the Pacific Northwest, "Seattle homeowners can trust Window Nation to deliver not only exceptional products but also a seamless and stress-free experience from consultation to installation."
With a record of transforming homes across the nation, Window Nation is poised to become the go-to choice for Seattle homeowners seeking top-tier windows and exceptional service, redefining the window replacement experience for homeowners across the city. Inviting Seattle residents to embrace a clear view of the future—one framed by quality, style, and innovation.
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