Carrier Enterprise acquires 35% stake in Russell Sigler, Inc.

Carrier Enterprise, LLC, a joint venture between Watsco, Inc. (80%) and Carrier Corporation (20%), acquired an approximately 35% ownership interest in Russell Sigler, Inc. for a cash purchase price of approximately $63.6 million. The transaction closed on June 21, 2017, and includes a shareholders agreement with a path to full ownership.

“On June 21, 2017, Carrier Enterprise, LLC (“CE”), a joint venture between Watsco, Inc., a Florida corporation (the “Company”), and Carrier Corporation (“Carrier”), acquired an approximately 35% ownership interest (the “Purchased Interest”) in Russell Sigler, Inc., a New Mexico corporation (“RSI”).”

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