Watsco Acquires Carrier’s HVAC Distribution Network (WSO,UTX)

Watsco (NYSE:WSO)(NYSE:UTX) has agreed to acquire Carrier’s HVAC distribution network in Canada.Carrier is a unit of UTC Climate, Controls & Security. The business will operate as a JV under the name Carrier Enterprise Canada with Watsco owning 60% and UTS Climate, Controls & Security 40%.The Canadian distribution network operates 35 locations and had revenues of approximately $330 million in 2011 serving 5,000 customers in all of the provinces and territories of Canada.

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