Add-on Acquisition • Distribution

Watsco Acquires Gemaire Distributors

On January 1, 1989, Watsco acquired distribution company Gemaire Distributors

Acquisition Context
  • This is Watsco’s 1st transaction in the Distribution sector.
  • This is Watsco’s 1st transaction in the United States.
  • This is Watsco’s 1st transaction in Florida.

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M&A Deal Summary

Date January 1, 1989
Target Gemaire Distributors
Sector Distribution
Buyer(s) Watsco
Deal Type Add-on Acquisition

Target Company

Gemaire Distributors

Deerfield Beach, Florida, United States
Gemaire Distributors LLC is a distributor of heating ventilating and air conditioning equipment, parts, and supplies.
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Buyer Overview 1

Buyer

Watsco

Miami, Florida, United States

Category Company
Founded 1945
Sector Distribution
Employees7,220
Revenue 7.6B USD (2024)
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 Context for Buyer #
Overall 1 of 12
Sector: Distribution 1 of 12
Type: Add-on Acquisition 1 of 8
State: Florida 1 of 1
Country: United States 1 of 11
Year: 1989 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1990-01-01 Heating & Cooling Supply

Chula Vista, California, United States

Heating & Cooling Supply LLC is a distributor of heating, ventilating, and air conditioning parts and equipment.

Buy -