Watsco acquires additional 10% stake in Carrier Enterprise Northeast

Watsco acquired an additional 10% interest in Carrier Enterprise Northeast LLC for $43 million, raising its ownership stake to 70%. The joint venture with Carrier Corporation has sales of approximately $500 million.

“The formation of our Carrier Enterprise joint ventures has proven to be transformational for our company.”coolingpost.com

• 2 sources
• coolingpost.comWatsco ups stake in US joint venture - Cooling PostNeil EverittNov 30, 2016
• finance.yahoo.comWatsco Increases Stake in Carrier Enterprise Joint Venture (Revised)Zacks Equity ResearchJan 11, 2017

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