M&A TRANSACTION · 2022
MEP Holdings (Edwards Electrical & Mechanical) acquired by Comfort Systems USA
$57.3M· 8.2x EBITDA· 0.60x revenue
Target
MEP Holdings (Edwards Electrical & Mechanical)
Richmond, KY
MEP Holding Co. including Edwards Electrical & Mechanical, Thermal Service/TES Controls, and Kodiak Labor Solutions
Acquirer
Comfort Systems USA
Strategic buyer
Disclosed financials at time of acquisition
Revenue
$95.0M
EBITDA
$7.0M
Deal Value
$57.3M
EV/EBITDA
8.2x
Context
This $57.3M acquisition of MEP Holdings (Edwards Electrical & Mechanical) by Comfort Systems USA sits in the hvac sub-vertical. The 8.2x EBITDA multiple paid in 2022 can be compared against the population median for hvac transactions of similar size on our Hvac valuation hub. Comfort Systems USA is acquiring as a strategic buyer; see how strategic acquirers typically price hvac businesses on our Hvac strategic buyer-pool page.
Source
Data sourced from Comfort Systems USA Press Release / BusinessWire — primary source. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology
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