Add-on acquisition · Closed Jul 2019 Verified
Watsco signs agreement to acquire Peirce-Phelps Inc.
Relationship map
Parties
Parties
Market signals
Market signals
Summary
Watsco Inc. signed an agreement to acquire Peirce-Phelps, a $206 million Philadelphia-based HVAC distributor, which will operate as a separate business of Carrier Enterprise LLC (the Watsco/Carrier joint venture). Closing expected within 30 days, expanding Watsco's Northeast distribution footprint.