Carrier signs LOI to acquire HVAC distributor E.B. Ward & Co./Valair

Carrier Corp., a unit of United Technologies, signed a letter of intent to acquire E.B. Ward & Co./Valair, a longstanding Carrier distributor in Northern California and Nevada with 140 employees and ~$150 million in combined sales. Price not disclosed.

“Carrier Corp. has signed a letter of intent to acquire E.B. Ward & Co./Valair, a long-standing Carrier distributor of residential, light commercial and commercial products. The purchase price is not being disclosed.”

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