Watsco agrees to acquire $240M ACR Group

Watsco agreed to buy ACR Group, a $240 million Houston-based HVAC distributor operating 54 locations, for $6.75 per share in cash. ACR will operate as a Watsco subsidiary.

“Watsco Inc., Coconut Grove, FL, has agreed to buy ACR Group Inc. for $6.75 a share in cash. Houston, TX-based ACR is a $240 million distributor of air conditioning and heating products.”

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