WSO - Mergers and acquisitions

MIAMI, May 05, 2025 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE:WSO) announced that it has completed the acquisition of Southern Ice Equipment Distributors as well as two other transactions completed thus far in 2025. Terms of the transactions were not disclosed. Founded in 1984 and based in Lafayette, Louisiana, Southern Ice is a leading distributor of food-service and commercial refrigeration equipment, parts and supplies, including products manufactured by Manitowoc Ice, a division of Pentair plc. The Company operates seven locations in key Sunbelt markets including Louisiana, Mississippi, Arkansas, Texas, New Mexico and Arizona. Southern Ice will operate under its existing name and under t

$180 Million Distributor Adds 16 Locations in Core Sunbelt MarketsGateway Builds on Watsco's Leading Scale in Fragmented $50 Billion HVAC Marketplace MIAMI, Sept. 06, 2023 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE:WSO) announced that it has completed the acquisition of Gateway Supply Company, Inc., a distributor of plumbing and HVAC products. Founded in Columbia, South Carolina in 1964, Gateway Supply has annual sales of approximately $180 million and serves approximately 4,000 customers from 15 locations in South Carolina and one location in North Carolina. The company distributes approximately 40,000 SKUs from more than 600 vendors. Albert H. Nahmad, Watsco's Chairman and Chi

MIAMI, Fla., May 11, 2021 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE:WSO) announced today that it has completed the acquisition of Acme Refrigeration, a leading distributor of air conditioning, heating and refrigeration products based in Baton Rouge, Louisiana.   Founded in 1945, 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 generated revenues of $60 million in 2020. Terms of the acquisition were not disclosed. Albert H. Nahmad, Watsco's Chairman and CEO, commented: "We welcome Acme Refrigeration, its leaders and employees to the Watsco

Double-Digit Sales Growth, Higher Gross Margins and Operating Efficiencies Drive Record Performance Customer-Adoption of Technologies Grows as Business Evolution Continues MIAMI, April 22, 2021 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE:WSO) reported record first quarter operating results, establishing new records for sales, operating income, operating margins, net income and earnings per share (EPS). Watsco's entrepreneurial culture continues to be critically important in response to the varying business conditions in the marketplace. The Company believes the pace of change and innovation is accelerating as adoption of its technology platforms gains further momentum. These platforms are de

MIAMI, April 12, 2021 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE:WSO) announced that it has completed the acquisition of Temperature Equipment Corporation (TEC). Founded in Chicago in 1935, TEC serves approximately 10,000 HVAC customers from 32 locations in Illinois, Indiana, Kansas, Michigan, Minnesota, Missouri and Wisconsin. TEC generated sales of $291 million in 2020 and provides a broad product offering including residential, light-commercial and applied HVAC systems from Carrier as well as parts, supplies and accessories sourced from approximately 1,200 vendors. More information about TEC can be found at www.tecmungo.com. Consistent with Watsco's entrepreneurial approach, TEC will