Subsequent Events

12 Months Ended

Dec. 31, 2016

Subsequent Events.

Subsequent Events

16. Subsequent Events

On February 21, 2017, we entered into a definitive purchase agreement to acquire all of the issued and outstanding stock of BCH Holdings, Inc. and each of its wholly-owned subsidiaries (collectively “BCH”) for $100 million, comprised of $85.7 million in cash at closing and $14.3 million in a promissory note that is payable in two equal installments of $7.15 million on the third and fourth anniversaries of the closing date, plus an earn‑out that we will pay if certain financial targets are met after the acquisition date as well as a customary working capital adjustment. BCH is an integrated, single-source provider of mechanical service, maintenance and construction with headquarters in Tampa, Florida and operations throughout the southeastern region of the United States. We currently expect this transaction to close around the beginning of the second quarter of 2017.