Investment Summary

Watsco Invests In Carrier Enterprise

On July 3, 2014, Watsco invested in distribution company Carrier Enterprise for 90M USD

Investment Highlights
  • This is Watsco’s 8th transaction in the Distribution sector.
  • This is Watsco’s largest (disclosed) transaction.
  • This is Watsco’s 7th transaction in the United States.
  • This is Watsco’s 3rd transaction in Texas.

Investment Summary
Date 2014-07-03
Target Carrier Enterprise
Sector Distribution
Investor(s) Watsco
Deal Type Stake Purchase
Deal Value 90M USD

Target

Carrier Enterprise

Carrollton, Texas, United States
website
Carrier Enterprise sells a variety of products manufactured by Carrier along with approximately 25,000 SKUs of other products from 121 locations in 19 states, Puerto Rico and on an export basis to the Caribbean and portions of Latin America.

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Investor(S) 1

Investor

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 8 of 11
Sector (Distribution) 8 of 11
Type (Stake Purchase) 2 of 2
State (Texas) 3 of 3
Country (United States) 7 of 10
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-30 Carrier Enterprise Canada

Mississauga, Ontario, Canada

Carrier Enterprise Canada, L.P. distribution network operates 35 locations and serving 5,000 customers in all of the provinces and territories of Canada. Products sold include a broad offering of Carrier, Bryant and Payne-brand residential, light-commercial and applied-commercial systems, along with related parts and supplies.

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FOLLOWING 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.

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Mergr

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