Watsco completes acquisition of 60% of Carrier's Canadian HVAC distribution network

Watsco Inc. closed the purchase of a 60% stake in Carrier's Canadian HVAC distribution network, which will operate as the Carrier Enterprise Canada joint venture. Watsco paid roughly $81 million cash plus 1,250,000 common shares; the network had ~$330 million in 2011 revenue.

“Watsco Inc. completed the acquisition of 60 percent of Carrier's HVAC distribution network in Canada. Carrier Enterprise Canada will operate as a joint venture using its existing infrastructure under the direction of its present management team.”

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