Add-on acquisition · Closed Sep 2023 Verified
Watsco Acquires Gateway Supply Company's Plumbing and HVAC Distribution Business
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Summary
On September 1, 2023, Watsco, Inc., through its subsidiary Gateway Supply, LLC, completed the acquisition of the plumbing and HVAC distribution business of Gateway Supply Company, Inc. The purchase price was $103 million, paid with approximately $4 million in cash and 280,215 shares of Watsco common stock.