
Courtesy Eastern Heating and Cooling
By Jill Nagy
In the late 1990s, when acquisitions fever was high, a group of venture capitalists made an offer to Fred Giardinelli, owner of Eastern Heating and Cooling, a thriving company that does work throughout the Capital District, including the Glens Falls and Saratoga areas: They would buy his company, but he would continue to operate it.
He accepted the offer, as did enough other business owners, to form a 12-company conglomerate that is now Comfort Systems USA, a national company listed on the New York Stock Exchange that has some $2.1 billion in annual revenues.