Watsco - M&A Summary and Business Overview

DistributionCompany

Watsco M&A Summary

Watsco has acquired 12 companies, including 3 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 1 asset.

Watsco’s largest acquisition to date was in 2014, when it acquired Carrier Enterprise for $90M. Watsco has acquired in 8 different US states, and 2 countries. The Company’s most targeted sectors include distribution (100%).

Watsco Business Overview

Where is Watsco headquartered?

Watsco is headquartered in Miami, Florida.

What is Watsco’s revenue?

Watsco disclosed revenue of 7,274M USD for 2022 and 6,280M USD for 2021.

How many employees does Watsco have?

Watsco has 7,200 employees.

What sector is Watsco in?

Watsco is a distribution company.

When was Watsco founded?

Watsco was founded in 1945.

M&A Summary

  • M&A Total Activity12
    • M&A Buy Activity11
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 3

Watsco

Watsco, Inc.

2665 South Bayshore Drive, Suite 901,
Miami, Florida 33133
United States,
(305) 714-4100
www.watsco.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 8 - 2 - 1 - 11
vol $90M $90M
Sell (0.0/yr) # 1 - - - - - 1
  12

Most Recent M&A

Company Date Value Type
Gateway Supply Co, Inc. 2023-09-06 - Add-on Acquisition
Columbia, South Carolina · www.gatewaysupply.net
Acme Refrigeration of Baton Rouge LLC 2021-05-11 - Add-on Acquisition
Baton Rouge, Louisiana · www.acmeref.com
Temperature Equipment Corp. (TEC) 2021-03-16 - Add-on Acquisition
Chicago, Illinois · www.tecmungo.com
Carrier Enterprise, LLC 2014-07-03 90M USD Stake Purchase
Carrollton, Texas · www.carrierenterprise.com
Carrier Enterprise Canada, L.P. 2012-04-30 - Joint Venture
Mississauga, Ontario
Pameco Corp. 2007-08-31 - Shut Down
Norcross, Georgia
ACR Group, Inc 2007-07-05 - Add-on Acquisition
Houston, Texas · www.acrgroup.com
East Coast Metal Distributors LLC 2005-01-01 - Add-on Acquisition
Durham, North Carolina · www.ecmdi.com
Pameco Corp. 2003-04-23 - Add-on Acquisition
Norcross, Georgia
Carrier Enterprise, LLC 1998-01-01 - Joint Venture
Carrollton, Texas · www.carrierenterprise.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Distribution 11 (100%) 90M (100%) 1 (100%) -
Total 11 $90M 1 -

By Geo

State/Country Buy Value Sell Value
United States 10 90M 1 -
  Texas 3 90M - -
  Georgia 1 - 1 -
  South Carolina 1 - - -
  North Carolina 1 - - -
  Louisiana 1 - - -
  Illinois 1 - - -
  Florida 1 - - -
  California 1 - - -
Canada 1 - - -
  Ontario 1 - - -
Domestic 10 (91%) 90M (100%) 1 (100%) -
Cross-border 1 (9%) - - -
Total 11 $90M 1 -

Deal Values

buy # Total
< $100M 1 $90M
TOTAL $90M
Largest Carrier Enterprise, LLC
$90M (2014-07-03)

M&A Connections

Deals
Acquired from
Investor(s)
9%
1 (9%)

Company Summary

SECTOR

Distribution

Revenue

7,274   16% 2022
6,280   25% 2021
5,055   6% 2020
4,770   5% 2019
4,547   5% 2018
4,342   3% 2017
4,221   3% 2016
4,113   5% 2015
3,945   6% 2014
3,743   10% 2013
3,431   2012
(millions of USD) Show More Show Less

Employees

7,200

Established

1945

Public

NYSE: WSO

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