Majority stake Closed Jun 2017
Carrier Enterprise acquires 35% stake in Russell Sigler, Inc.
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Figures marked reported are drawn from a single or secondary source and are not independently confirmed. All figures are presented as reported, see Methodology.
Summary
Carrier Enterprise, LLC, a joint venture between Watsco, Inc. (80%) and Carrier Corporation (20%), acquired an approximately 35% ownership interest in Russell Sigler, Inc. for a cash purchase price of approximately $63.6 million. The transaction closed on June 21, 2017, and includes a shareholders agreement with a path to full ownership.