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Comfort Systems to pay $178M cash in Walker TX deal

Feb. 26, 2019 5:44 PM ETComfort Systems USA, Inc. (FIX) StockFIXBy: Jason Aycock, SA News Editor
  • In a filing, Comfort Systems USA (NYSE:FIX) says it will pay $178M in cash to acquire Walker TX Holding Co.
  • The company announced the planned acquisition last week.
  • Comfort Systems will also pay a $25M unsecured promissory note bearing interest at 4%/annum, paid in equal $12.5M installments on the third and fourth anniversaries of closing the deal.
  • An additional earn-out is possible if Walker's EBITDA exceeds certain thresholds for each year through 2023.

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