Watsco to acquire HVAC distributor ACR Group via cash tender offer

Watsco Inc. and ACR Group Inc. signed a definitive merger agreement under which Watsco will acquire ACR's common stock via a cash tender offer of $6.75 per share. ACR, one of the largest U.S. AC/heating distributors with ~$240M annual sales and 54 locations, will operate as a Watsco subsidiary under its existing name and management.

“Watsco Inc. and ACR Group Inc., Houston, have executed a definitive merger agreement under which Watsco will seek to acquire ACR’s outstanding common stock in a cash tender offer of $6.75 per share.”

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