Watsco Inc（WSO）のニュースとイベントWSOWatsco Inc

Watsco to Acquire The Granite Group for Approximately $500 Million

Watsco announced that it has entered into an agreement to acquire The Granite Group, a diversified distributor of plumbing and HVAC products with approximately $500M in sales throughout seven Northeast States. Founded in 1971 and headquartered in Concord, New Hampshire, The Granite Group is a third-generation, family-led distributor serving customers across seven states in New Hampshire, Vermont, Maine, Massachusetts, Connecticut, Rhode Island and New York. The Granite Group serves approximately 11,000 customers from 82 locations and offers approximately 29,000 SKUs sourced from over 450 vendors. The Granite Group has achieved a 10% annual compounded growth rate in sales since 2010 through a combination of bolt-on acquisitions and more than 30 new store openings to win new customers and better serve existing customers. The transaction is expected to close following completion of customary closing conditions and regulatory approvals.

Watsco Signs Agreement to Acquire Jackson Supply Company

Watsco announced the signing of a definitive agreement to acquire Jackson Supply Company. Founded in 1972, Jackson Supply Company has sales of $230M in 2025. The company serves approximately 5,000 customers from 25 locations in Sunbelt markets such as Texas, Louisiana, Tennessee, Alabama, Mississippi, Oklahoma and Arizona. Jackson Supply will operate as an independent business and will continue to be led by its existing management team, under the leadership of Jim Durrett and Jennifer Ballsieper. The transaction is expected to close in the second quarter and is subject to customary closing conditions and regulatory approvals.

Watsco Q1 Revenue Hits $1.53B, Exceeds Expectations

Reports Q1 revenue $1.53B, consensus $1.49B. Albert Nahmad, chairman and CEO said: "We are extremely honored to welcome Jim Durrett and the entire Jackson Supply team to the Watsco family. Our relationship dates back more than 20 years, and we are grateful for the relationship and the commitment to entrust us with the next chapter of its 50-year legacy. This transaction adds meaningful scale and diversification to Watsco's core Sunbelt markets. The Jackson Supply team possesses a strong track record of organic growth and an entrepreneurial spirit that closely aligns with our own. We look forward to learning from them and supporting their ambitious growth plans for years to come."