# Watsco to acquire Peirce-Phelps HVAC business for $206 million

Watsco has signed an agreement to acquire the HVAC business of Peirce-Phelps, Inc., a Philadelphia-based distributor with annual sales of $206 million. The transaction is expected to close within 30 days, and Peirce-Phelps will operate under Carrier Enterprise.

- Type: Acquisition
- Announced: 2019-07-18
- Where: Philadelphia, Pennsylvania, United States
- Value: $206.0M
- Status: announced
- Products: HVAC equipment, parts, supplies
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Carrier Enterprise](https://endata.com/companies/1633.md) (partner)
- [Watsco](https://endata.com/companies/1634.md) (acquirer)
- [Carrier Corp](https://endata.com/companies/5132.md) (partner)
- [Peirce-Phelps](https://endata.com/companies/40749.md) (target)

## Sources

- [investors.watsco.com](https://investors.watsco.com/news-releases/news-release-details/watsco-acquire-peirce-phelps-inc-206-million-philadelphia-based), 2019-07-18: "Watsco, Inc. announced today that it has signed an agreement to acquire the HVAC business of Peirce-Phelps, Inc."
- [watsco.com](https://www.watsco.com/newsitem/watsco-to-acquire-peirce-phelps-inc-206-million-philadelphia-based-hvac-distributor/), 2019-07-18: "Peirce-Phelps has one of the most long-standing family legacies in our industry as evidenced by the four third-generation Peirce brothers who operate the business."
- [achrnews.com](https://www.achrnews.com/articles/141607-watsco-to-acquire-peirce-phelps-inc), 2019-07-18: "Peirce-Phelps has one of the most long-standing family legacies in our industry as evidenced by the four third-generation Peirce brothers who operate the business."
- [globenewswire.com](https://www.globenewswire.com/news-release/2019/8/2/1896265/0/en/watsco-completes-peirce-phelps-acquisition.html), 2019-08-02: "We are pleased to join forces with the Peirce-Phelps organization to grow, expand and compete in what are new markets for Watsco."
- [watsco.com](https://www.watsco.com/newsitem/watsco-completes-peirce-phelps-acquisition/), 2019-08-02: "We are pleased to join forces with the Peirce-Phelps organization to grow, expand and compete in what are new markets for Watsco."

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