M&A Deal Summary

Watsco Acquires Acme Refrigeration

On May 11, 2021, Watsco acquired distribution company Acme Refrigeration

Acquisition Highlights
  • This is Watsco’s 10th transaction in the Distribution sector.
  • This is Watsco’s 9th transaction in the United States.
  • This is Watsco’s 1st transaction in Louisiana.

M&A Deal Summary
Date 2021-05-11
Target Acme Refrigeration
Sector Distribution
Buyer(s) Watsco
Deal Type Add-on Acquisition

Target

Acme Refrigeration

Baton Rouge, Louisiana, United States
website
Acme Refrigeration is a distributor of air conditioning, heating, and refrigeration products.Acme offers approximately 7,000 SKUs to over 4,000 active customers throughout 18 locations in Louisiana and Mississippi and is led by third and fourth-generation members of its founding family. Acme was founded in 1945 and is based in Baton Rouge, Louisiana.

Search 193,103 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Watsco

Miami, Florida, United States

website

Category Company
Founded 1945
Sector Distribution
Employees7,200
Revenue 7.3B USD (2022)
DESCRIPTION

Watsco is a distributor of air conditioning, heating and refrigeration equipment and related parts and supplies in the HVAC/R distribution industry, currently operating 569 locations in 38 U.S. states, Canada, Mexico and Puerto Rico with additional market coverage on an export basis to Latin America and the Caribbean. Watsco was founded in 1945 and is based in Miami, Florida.

DEAL STATS #
Overall 10 of 11
Sector (Distribution) 10 of 11
Type (Add-on Acquisition) 6 of 7
State (Louisiana) 1 of 1
Country (United States) 9 of 10
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-16 TEC

Chicago, Illinois, United States

TEC is a distributor of residential and commercial Carrier, Bryant, and Payne heating, air conditioning, air purification and refrigeration equipment, parts, and supplies. TEC was founded in 1935 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-06 Gateway Supply

Columbia, South Carolina, United States

Gateway Supply is a distributor of plumbing and HVAC products. Gateway Supply was founded in 1964 and is based in Columbia, South Carolina.

Buy -
Mergr

Product

Company

Legal