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Majority stake · Closed May 2012

Watsco completes acquisition of 60% of Carrier's Canadian HVAC distribution network

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Relationship map for Watsco completes acquisition of 60% of Carrier's Canadian HVAC distribution networkparent ofWatsco Inc.: PlatformWatsco Inc.Carrier Enterprise Canada: Operating CompanyCarrier Enterprise Ca…
Operating CompanyPlatform

Parties

Acquirer
Watsco Inc.
Platform
Target
Carrier Enterprise Canada
Operating Company

Market signals

Summary

Watsco completed the acquisition of 60 percent of Carrier's HVAC distribution network in Canada, paying ~$81 million cash plus 1,250,000 common shares; the network had ~$330M revenue in 2011. Carrier Enterprise Canada operates as a joint venture.