Get Moblico news: TXTJOIN” to 833-338-4330

Chat with us: TXT or Call 855-662-5426

Moblico Blog banner
Team Moblico

Team Moblico

Watsco Acquires Louisiana HVACR Distributor

Share on facebook
Share on google
Share on twitter
Share on linkedin

Watsco, Inc. (NYSE: WSO), Miami, on Tuesday announced it has acquired Acme Refrigeration, a Baton Rouge, Louisiana-based HVACR distributor. Financial terms of the deal weren’t disclosed.

Founded in 1945, Acme offers approximately 7,000 SKUs to more than 4,000 active customers throughout 18 locations in Louisiana and Mississippi. The company, which is led by third- and fourth-generation members of its founding family, generated revenues of $60 million in 2020.

“We welcome Acme Refrigeration, its leaders and employees to the Watsco family of companies,” said Albert H. Nahmad, Watsco’s chairman and CEO. “Acme has long been an admired company within its markets with a loyal customer following. Consistent with our buy-and-build acquisition strategy, Acme will operate under its existing name and under the direction of its current leadership team to provide continuity to customers, employees and OEM partners. We look forward to providing the resources, capital and technology needed to assist in achieving their growth plans.”

This is Watsco’s second acquisition of 2021. In April, the distributor acquired Temperature Equipment Corp.

The post Watsco Acquires Louisiana HVACR Distributor appeared first on Modern Distribution Management.

More to explorer

Sneak Peek: MDM’s Top Distributors 2021 Rankings’s safe to say that 2020 was a year unlike any other for distributors as the pandemic created a seismic shift across

Residential Building Permits Up 34.9% in May owned housing units authorized by building permits in May were at a seasonally adjusted annual rate of 1,681,000, according to the