Watsco acquires additional 10% of Carrier Enterprise Northeast JV

Watsco Inc. acquired an additional 10% interest in its Carrier Enterprise Northeast LLC joint venture with Carrier Corp. for approximately $43 million in cash, raising its stake to 70%.

“Watsco Inc. announced that it has acquired an additional 10 percent ownership interest in Carrier Enterprise Northeast LLC, a joint venture with Carrier Corp. The transaction raises Watsco’s ownership stake to 70 percent. Consideration was approximately $43 million and was paid in cash.”

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