Watsco to acquire HVAC business of Peirce-Phelps

Watsco signed an agreement to acquire the HVAC distribution business of Peirce-Phelps (about $206M annual sales, 19 locations across PA, NJ and DE), to operate under Carrier Enterprise, the Watsco/Carrier joint venture.

“Miami, Florida-based Watsco announced it has signed an agreement to acquire the HVAC business of Peirce-Phelps. Closing of the transaction is subject to customary conditions and was expected to occur within a 30-day window after the July 18 announcement.”

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