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Add-on acquisition · Closed Dec 2016 Verified

Watsco Acquires Additional 10% Stake in Carrier Enterprise Northeast JV

Relationship map

Relationship map for Watsco Acquires Additional 10% Stake in Carrier Enterprise Northeast JVparent ofWatsco Inc.: PlatformWatsco Inc.Carrier Enterprise Northeast LLC: Operating CompanyCarrier Enterprise No…
Operating CompanyPlatform

Parties

Acquirer
Watsco Inc.
Platform
Target
Carrier Enterprise Northeast LLC
Operating Company

Market signals

Deal value$43M reported cash consideration · approximate as reported by achrnews.com

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. announced the purchase of an additional 10% ownership interest in Carrier Enterprise Northeast LLC, a joint venture between Watsco and Carrier. This increases Watsco's stake in the HVAC distribution joint venture.

Primary source