Watsco to acquire The Granite Group in plumbing and HVAC deal

M&A · Partnership
โดย Seeking Alpha·US·Read original
Summary · why it matters

Watsco has agreed to acquire The Granite Group, a plumbing and HVAC distributor with approximately $500M in annual sales across seven Northeast states. The Granite Group serves about 11,000 customers through 82 locations, offering roughly 29,000 SKUs from more than 450 vendors. Following the deal, Granite will operate independently under its existing management team, led by CEO Bill Condron, while gaining access to Watsco's scale, capital and technology.

Impact on stocks 1

Climate Adaptation & Water▲ · 1 stocks
Watsco Inc
WSO
▲ PositiveCapitalrelevance

Watsco agreed to acquire The Granite Group, an M&A deal adding ~$500M in annual sales and 82 locations.

Off-coverage companies 1

The Granite GroupPrivate▲ Positive
Capitalrelevance

The Granite Group is being acquired by Watsco and will gain access to Watsco's scale, capital and technology while operating independently.

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