M&A TRANSACTION · 2024
Summit Industrial Construction, LLC acquired by Comfort Systems USA
$360.0M· 9.6x EBITDA· 0.95x revenue
Target
Summit Industrial Construction, LLC
Houston, TX
Specialty industrial mechanical contractor offering engineering, design-assist and turnkey construction services for advanced technology, power, and industrial sectors
Acquirer
Comfort Systems USA
Strategic buyer
Disclosed financials at time of acquisition
Revenue
$380.0M
EBITDA
$37.5M
Deal Value
$360.0M
EV/EBITDA
9.6x
Context
This $360.0M acquisition of Summit Industrial Construction, LLC by Comfort Systems USA sits in the hvac sub-vertical. The 9.6x EBITDA multiple paid in 2024 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 MarketScreener / Comfort Systems USA Press Release — primary source. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology
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