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Add-on acquisition Announced Jul 2007 · Closed Jul 2007 Verified

Watsco to acquire ACR Group via cash tender offer

Relationship map

Relationship map for Watsco to acquire ACR Group via cash tender offerparent ofWatsco Inc.: PlatformWatsco Inc.ACR Group Inc.: Operating CompanyACR Group Inc.
Operating CompanyPlatform

Parties
Acquirer
Watsco Inc.
Platform
Target
ACR Group Inc.
Operating Company

Market signals

Summary

Watsco Inc. and ACR Group Inc. signed a definitive merger agreement under which Watsco will acquire ACR's outstanding common stock via a $6.75/share cash tender offer; ACR will operate as a subsidiary of Watsco under its present name.