Consolidation trend May 2021
Watsco cites ongoing buy-and-build acquisition strategy
Watsco's chairman and CEO frames the Acme deal as consistent with the company's ongoing buy-and-build acquisition strategy, signaling continued roll-up activity in HVACR distribution.
“Consistent with our buy-and-build acquisition strategy, Acme will operate under its existing name and under the direction of its current leadership team to provide continuity to customers, employees, and OEM partners.”
Entities
Watsco · Acquirer
OtherRefrigeration Sentiment: Positive
Source: www.achrnews.com
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