Comfort Systems USA To Buy Dyna Ten

(RTTNews) - Comfort Systems USA, Inc. (FIX) said Tuesday that it has entered into an agreement to buy Dyna Ten Corp.

Dyna Ten is a regional mechanical contractor based in Fort Worth, Texas. Dyna Ten engages in a broad range of mechanical contracting projects, HVAC service and controls, in the Dallas/Fort Worth metroplex and in surrounding areas.

Initially Dyna Ten is expected to contribute annualized revenues of about $70 million to $80 million at profitability levels that are generally equal to or above those currently experienced by Comfort Systems USA operations.

The deal is currently scheduled to close on or about May 1.

The acquisition is expected to make a neutral to slightly accretive contribution to earnings per share during the first 12 to 18 months after closing.