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Platform creation Closed Jul 2009

Watsco and Carrier Form Joint Venture Carrier Enterprise

Relationship map

Relationship map for Watsco and Carrier Form Joint Venture Carrier Enterpriseparent ofCarrier Enterprise LLC: PlatformCECarrier Enterprise LLCCarrier: PlatformCarrier
Platform

Parties

Acquirer
Carrier Enterprise LLC
Platform
Target
Carrier
Platform

Market signals

Deal value$147M reported total consideration as reported by sec.gov

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

Watsco, Inc. completed the formation of Carrier Enterprise, LLC, a joint venture with Carrier Corporation. Watsco owns 60% of the new entity, which operates 110 locations across 20 states and Puerto Rico, serving over 19,000 HVAC contractors.

Primary source