Platform creation Closed May 2009
Watsco and Carrier Form Joint Venture Carrier Enterprises LLC
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Parties
Parties
Market signals
Market signals
Summary
Watsco, Inc. and Carrier Corporation executed a definitive agreement to form a joint venture, Carrier Enterprises LLC, to distribute Carrier, Bryant, and Payne HVAC products. Watsco will purchase a 60% interest for approximately $172 million, with options to acquire up to an additional 20% ownership.