Looks for companies that integrate seamlessly with its core businesses, described as “bolt-on” acquisitions
August 7, 2015
Ferguson, a major plumbing and HVACR distributor, announced that it continued its expansion with the acquisition of 13 companies in fiscal year 2015. The acquisitions were coast-to-coast encompassing multiple business types including HVAC and plumbing distributors, waterworks, and more.
Additional $90 Million Cash Investment Builds on Successful Partnership
July 14, 2014
Watsco Inc. announced that it has acquired an additional 10 percent ownership interest in Carrier Enterprise LLC, a joint venture with Carrier Corp. The transaction raises Watsco’s ownership stake to 80 percent. The additional $90 million investment in the business was paid in cash.
ABCO HVACR Supply + Solutions has announced that it is opening a new branch in Lakewood, New Jersey, to complement the service of its current branches in Totowa and Kenilworth. The new 20,000-square-foot facility, located at 1941 Rutgers University Blvd. in Lakewood, will be open for business this summer.
Each program address a specific sector of HVAC distribution in an attempt to define challenges, discover solutions to these challenges, and explore practical applications of the solutions in order to improve distribution business performance.
Facility in Middletown Carries Greater Breadth and Depth of Products
November 15, 2013
WinWholesale Inc. announced that its new 200,000-square-foot regional distribution center in Middletown, Conn., is open for business to serve its locations primarily in the Northeast after 12 months of construction. It replaces a smaller leased facility in North Haven, Conn.
Winsupply Locations Provide Plumbing and HVAC Products
October 2, 2013
Two Winsupply and a Winwater Works are the latest locations opened by WinWholesale, making a total of 10 to date in 2013. The openings are Canandaigua Winsupply in Canandaigua, N.Y., Hoosier Winsupply in Bloomington, Ind., and Meriden Winwater Works in Meriden, Conn.