# 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.

- Type: Acquisition
- Announced: 2016-11-30
- Where: northeastern United States, United States
- Value: $43.0M
- Status: completed
- Products: air conditioning and refrigeration equipment
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Watsco](https://endata.com/companies/1634.md) (acquirer)
- [Carrier Corp](https://endata.com/companies/5132.md) (partner)
- [Carrier Corp](https://endata.com/companies/5132.md) (target)
- [Carrier Enterprise Northeast LLC](https://endata.com/companies/20276.md) (target)

## Sources

- [coolingpost.com](https://www.coolingpost.com/world-news/watsco-ups-stake-in-us-joint-venture/), 2016-11-30: "The formation of our Carrier Enterprise joint ventures has proven to be transformational for our company."
- [finance.yahoo.com](https://finance.yahoo.com/news/watsco-increases-stake-carrier-enterprise-094009916.html), 2017-01-11: "Watsco, Inc. WSO has raised its stake by 10% in Carrier Enterprise Northeast LLC, a joint venture (JV) with Carrier Corporation for about $43 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.