M&A Deal Summary

Watsco Acquires Gateway Supply

On September 6, 2023, Watsco acquired distribution company Gateway Supply

Acquisition Highlights
  • This is Watsco’s 11th transaction in the Distribution sector.
  • This is Watsco’s 10th transaction in the United States.
  • This is Watsco’s 1st transaction in South Carolina.

M&A Deal Summary

Date 2023-09-06
Target Gateway Supply
Sector Distribution
Buyer(s) Watsco
Deal Type Add-on Acquisition

Target

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.

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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 11 of 11
Sector (Distribution) 11 of 11
Type (Add-on Acquisition) 7 of 7
State (South Carolina) 1 of 1
Country (United States) 10 of 10
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-11 Acme Refrigeration

Baton Rouge, Louisiana, United States

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.

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