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

Watsco completed the acquisition of 60 percent of Carrier's HVAC distribution network in Canada, paying ~$81 million cash plus 1,250,000 common shares; the network had ~$330M revenue in 2011. Carrier Enterprise Canada operates as a joint venture.

“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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