Carrier and Watsco JV to acquire Temperature Equipment Corporation
Carrier announced a joint venture with Watsco to acquire Temperature Equipment Corporation (TEC), the largest Carrier distributor in the Midwest. Watsco will own 80% and Carrier 20% of the venture.
ProductsHVAC equipment (Carrier, Bryant, Payne brands)
“This acquisition aligns with Carrier Global's established plan to execute strategic bolt-on M&A and we are excited to extend our long-term relationships with TEC and Watsco.”corporate.carrier.com
- 6 sources
- corporate.carrier.comCarrier JV to Acquire Temperature Equipment Corporation, Largest Carrier Distributor in the MidwestMar 16, 2021
- nasdaq.comCarrier JV to Acquire Temperature Equipment Corporation, Largest Carrier Distributor in the Midwest | NasdaqMar 16, 2021
- globenewswire.comWatsco to Acquire Temperature Equipment Corporation, $291 Million Chicago-Based HVAC DistributorWatsco, Inc.Mar 16, 2021
- prnewswire.comCarrier JV to Acquire Temperature Equipment Corporation, Largest Carrier Distributor in the MidwestCarrierMar 16, 2021
Summarized from public sources; check the original articles before acting on it.
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