by Rebecca Walker — July 3, 2009—Watsco, Inc. has announced the completion of its previously announced transaction with Carrier Corporation to form a joint venture named Carrier Enterprise LLC.
The creation of Carrier Enterprise will substantially increase Watsco’s leading market position, adding new product lines, new markets, new brands and significantly expanding Watsco’s presence in the U.S. Sunbelt where HVAC products are a necessity, notes the company.
Watsco’s origins in the HVAC market date back more than 60 years. The company today operates as one of the largest distributors in the highly fragmented $26 billion HVAC distribution industry, with 505 locations in 34 states and Puerto Rico serving more than 50,000 contractor customers.
Carrier Enterprise adds considerable product depth to the markets Watsco serves. New to most of Watsco’s current markets, Carrier Enterprise offers a strong lineup of premium-level products under the flagship Carrier and Bryant brands that incorporate the latest energy-efficiency technology. Carrier Enterprise also sells Payne brand air conditioning and heating systems at all locations, a value-oriented brand manufactured by Carrier.
For more information, see the Watsco Web site.
