Watsco Completes Joint Venture Formation with Carrier

Watsco, Inc. completed the formation of Carrier Enterprise LLC, a joint venture with Carrier Corporation, on July 1, 2009. The transaction involved Watsco acquiring certain sales and distribution operations from Carrier, referred to as the Carrier Sales & Distribution Business.

“On July 8, 2009, Watsco, Inc. (“the Registrant”) filed a Current Report on Form 8-K reporting that, on July 1, 2009, the Registrant completed the formation of Carrier Enterprise LLC, a joint venture with Carrier Corporation (“Carrier”), pursuant to a purchase and contribution agreement dated May 3, 2009, as amended June 29, 2009, by and between Carrier and the Registrant, pursuant to which the Registrant acquired certain sales and distribution operations from Carrier (the “Carrier Sales & Distribution Business”).”

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