Watsco Acquires 60% Stake in Carrier Joint Venture

Watsco agreed to purchase a 60% interest in the newly formed Carrier Enterprise II joint venture for approximately $35.7 million in cash, subject to working capital adjustments, plus the contribution of certain locations.

“We have agreed to purchase a 60% interest in the joint venture for consideration of approximately $35.7 million payable in cash, subject to working capital adjustments, and by the contribution of certain locations.”

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