The Stephens Group, LLC( “ The Stephens Group ”) moment blazoned that it has entered into a definitive agreement to vend Summit Industrial Construction, LLC( “ Summit ”) headquartered in Houston, Texas, to Comfort Systems USA, Inc.( NYSE FIX)( “ Comfort Systems ”). Summit is a specialty artificial mechanical contractor offering engineering, design-help, and turnkey, direct-hire construction services of modular systems serving the advanced technology, power, and artificial sectors. Summit’s capabilities encompass a wide range of modular and point-grounded construction including process pipeline, outfit setting, large pipe rack trestles, and related sword construction and specialty concrete work.
Summit is a trusted supplier to some of the world’s largest advanced technology, power, and artificial companies and is presently stationed on several major chip fabrication systems. “ It’s been a pleasure to mate with Jeff since the founding of Summit Industrial. He and the talented platoon at Summit have done a remarkable job erecting their capabilities to become a leading artificial contractor. We’re agitated about this sale for them and the future of the company under Comfort Systems, ” said Witt Stephens, CEO and co-chairman of The Stephens Group. Jeff Johnson, Chief Executive Officer of Summit, reflected, “ The Stephens Group has been an awful and patient mate for the last twelve times. With their support, we added a crucial labor force to our platoon, estimated several accession targets, and strategically shifted our end requests of focus. We’re agitated to continue our growth with Comfort Systems. We chose Comfort Systems grounded on our belief that we can work their reciprocal capabilities and means to more serve our guests. Summit and Comfort Systems have a strong artistic alignment and a participated commitment to platoon members in all situations. Together we can continue our strategic focus and give indeed more value to guests with fresh capabilities and coffers. We believe that Summit and Comfort Systems have a bright future together.
About The Stephens Group, LLC
The Stephens Group, LLC is a private investment firm that partners with talented management teams to help build valuable businesses. Backed by the resources of the Witt Stephens, Jr. and Elizabeth Campbell families, the firm combines the operational expertise of a private equity firm with the flexibility provided by long-term capital. With over $2 billion of private equity assets under management, the firm has a long history of providing informed, sophisticated expertise and working with owners and managers to help them successfully achieve their strategic visions and build long-term value. Since 2006, The Stephens Group has invested in over 50 companies, targeting investments in industries across the U.S., including industrial and commercial products and services, specialty distribution, technology infrastructure, and vertical software.
