M&A Deal Summary

Watsco Acquires ACR Group Inc

On July 5, 2007, Watsco acquired distribution company ACR Group Inc

Acquisition Highlights
  • This is Watsco’s 6th transaction in the Distribution sector.
  • This is Watsco’s 6th transaction in the United States.
  • This is Watsco’s 2nd transaction in Texas.

M&A Deal Summary
Date 2007-07-05
Target ACR Group Inc
Sector Distribution
Buyer(s) Watsco
Deal Type Add-on Acquisition
Advisor(s) Houlihan Lokey (Financial)

Target

ACR Group Inc

Houston, Texas, United States
ACR is a distributor of air conditioning and heating products. ACR is based in Houston, Texas and operates from 54 locations serving over 12,000 air conditioning and heating contractors throughout Florida, Texas, California, Georgia, Tennessee, Arizona, Colorado, Louisiana, Nevada and New Mexico.

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Buyer(S) 1

Buyer

Watsco

Miami, Florida, United States
Category Company
Founded 1945
Sector Distribution
Employees7,350
Revenue 7.3B USD (2023)
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 6 of 11
Sector (Distribution) 6 of 11
Type (Add-on Acquisition) 4 of 7
State (Texas) 2 of 3
Country (United States) 6 of 10
Year (2007) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 East Coast Metal Distributors

Durham, North Carolina, United States

East Coast Metal Distributors LLC operates from 36 locations serving over 8,500 air conditioning and heating contractors throughout North Carolina, South Carolina, Georgia, Virginia and Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-31 Pameco

Norcross, Georgia, United States

Pameco Corp. is a distributor of heating, ventilation and air conditioning (HVAC) replacement parts.

Sell -
Mergr

Product

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