ACQUIRED · 2022
Who Acquired MEP Holdings (Edwards Electrical & Mechanical)?
Comfort Systems USA · $57.3M· 8.2× EBITDA
The acquisition
MEP Holdings (Edwards Electrical & Mechanical) (Richmond, KY) was acquired by Comfort Systems USA in 2022 for $57.3M. MEP Holding Co. including Edwards Electrical & Mechanical, Thermal Service/TES Controls, and Kodiak Labor Solutions. The deal was priced at 8.2× EBITDA / 0.60× revenue.
MEP Holdings (Edwards Electrical & Mechanical) at time of acquisition
Revenue
$95.0M
EBITDA
$7.0M
Deal value
$57.3M
EV / EBITDA
8.2×
Other acquisitions by Comfort Systems USA
Recent transactions by the same buyer — useful for understanding their playbook and what they typically pay.
- J & S Mechanical Contractors, Inc. · 2024 · $120.0M · 8.9× EBITDA
- Summit Industrial Construction, LLC · 2024 · $360.0M · 9.6× EBITDA
- Eldeco, Inc. · 2023 · $74.0M · 8.7× EBITDA
- Ivey Mechanical Company, LLC · 2021 · $79.1M · 9.9× EBITDA
Similar hvac acquisitions
- Champions Group · acquired by Blackstone (BXPE) in 2026 · $2.50B
- Redwood Services · acquired by Altas Partners in 2025 · $1.10B
- Consolidated Mechanical, Inc. · acquired by Limbach Holdings (NYSE: LMB) in 2024 · $23.0M
- J & S Mechanical Contractors, Inc. · acquired by Comfort Systems USA in 2024 · $120.0M
- Sila Services · acquired by Goldman Sachs Alternatives in 2024 · $1.70B
Run a valuation for a similar hvac business
Three fields, instant range, backed by 25,592 real M&A transactions including this one.
Open the hvac calculator →More on hvac valuations
- Hvac valuation calculator· head-term variant
- Hvac median multiples· real-deal benchmarks
- How to value a hvac· long-form guide
Sourced from Comfort Systems USA Press Release / BusinessWire. Primary source. Full deal page.
Citation: ExitValue.ai. (2022). MEP Holdings (Edwards Electrical & Mechanical) acquired by Comfort Systems USA. https://exitvalue.ai/acquired/mep-holdings-edwards-electrical-mechanical