Consolidation trend Jul 2007
Watsco adds ACR to its roll-up of HVAC distributors
Watsco's CEO framed ACR as joining 'the stable of fine companies that comprise the Watsco family,' with ACR to operate as an autonomously managed subsidiary, reflecting Watsco's distributor-consolidation model.
““Watsco is the recognized leader in the HVAC distribution industry and we are pleased to add ACR to the stable of fine companies that comprise the Watsco family,” said Alex Trevino Jr., ACR’s chairman and CEO.”
Entities
ACR Group Inc. · Target Watsco Inc. · Acquirer
HVAC Sentiment: Positive
Source: www.achrnews.com
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