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Platform creation Closed Mar 2011

Watsco and Carrier Form Joint Venture Carrier Enterprise II

Relationship map

Relationship map for Watsco and Carrier Form Joint Venture Carrier Enterprise IIparent ofUnited Technologies Corp.: Operating CompanyUTUnited Technologies C…Carrier: PlatformCarrier
Operating CompanyPlatform

Parties

Acquirer
United Technologies Corp.
Operating Company
Target
Carrier
Platform

Market signals

Summary

Watsco, Inc. and Carrier Corporation executed a definitive agreement to form a joint venture named Carrier Enterprise II, LLC, which will distribute HVAC products in the Northeast United States. Watsco will own a 60% interest in the venture.

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