Watsco and Carrier Form Joint Venture Carrier Enterprise II

Watsco, Inc. and Carrier Corporation executed a definitive agreement to form a joint venture named Carrier Enterprise II, LLC, which will distribute HVAC products in the Northeast United States. Watsco will own a 60% interest in the venture.

“On March 18, 2011, Watsco, Inc. (“Watsco”) executed a definitive purchase and contribution agreement (the “Agreement”) to form a joint venture with Carrier Corporation (“Carrier”), a unit of United Technologies Corporation, to distribute Carrier, Bryant and Payne branded residential, light-commercial and applied-commercial HVAC products and related parts and supplies in the Northeast United States. The newly formed joint venture, Carrier Enterprise II, LLC, will operate 42 locations in 11 states.”

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