The Power of Partnership: The Stephens Group Announces Sale of Summit Industrial Construction, LLC

The Stephens Group, LLC has successfully closed the sale of Summit Industrial Construction, LLC to Comfort Systems USA, Inc. This strategic partnership brings together the expertise and resources of two industry leaders to drive continued success in the advanced technology, power, and industrial sectors.

Summit Industrial Construction, headquartered in Houston, Texas, is a trusted specialty industrial mechanical contractor. With a focus on modular systems, Summit offers engineering, design-assist, and turnkey construction services. Their capabilities span a wide range of construction, including process piping, equipment setting, large pipe rack trestles, steel erection, and specialty concrete work. Their reputation as a reliable supplier has earned them projects with some of the world's largest advanced technology, power, and industrial companies.

Witt Stephens, CEO and Co-Chairman of The Stephens Group, expressed his pleasure in announcing the completion of the sale of Summit Industrial Construction. The Stephens Group has enjoyed a successful 13-year partnership with Jeff Johnson and his team. This transaction marks a new chapter for Summit, and The Stephens Group looks forward to witnessing their continued success under the leadership of Comfort Systems.

Brian Lane, CEO and President of Comfort Systems, shared his enthusiasm for the acquisition of Summit Industrial Construction. Comfort Systems selected Summit based on their exceptional workforce and strong company culture. The success of Summit is not only attributed to their dedicated and field-focused leadership but also to the people-first approach fostered by The Stephens Group over the past decade.

The Stephens Group, LLC is a private investment firm with a long-standing commitment to partnering with talented management teams. With over $2 billion of private equity assets under management, The Stephens Group provides operational expertise and long-term capital to support the growth and value creation of businesses. Their investment portfolio spans various industries across the United States, including industrial and commercial products and services, specialty distribution, technology infrastructure, and vertical software.

The sale of Summit Industrial Construction highlights the power of partnership and the value that can be created through collaboration. By joining forces, The Stephens Group and Comfort Systems are well-positioned to leverage their combined expertise and resources to drive continued growth and success in the industrial construction sector.

The partnership between The Stephens Group and Comfort Systems reflects a shared commitment to excellence and a dedication to delivering exceptional results. This acquisition will further strengthen Comfort Systems' position in the market while providing Summit Industrial Construction with access to additional resources and opportunities for expansion.

In conclusion, the announcement of the sale of Summit Industrial Construction, LLC by The Stephens Group to Comfort Systems USA, Inc. marks an exciting new chapter for both companies. This strategic partnership demonstrates the power of collaboration and sets the stage for continued growth and success in the industrial construction industry. With the support of The Stephens Group's long-term capital and Comfort Systems' operational expertise, Summit Industrial Construction is poised to thrive in its next phase of development.