ACR-News
Know what you want? Try our 'Supplier Directory' 

Watsco acquires Carrier's Canadian distribution business

US distributor Watsco Inc is to acquire Carrier's hvac distribution network in Canada. The business will operate as a joint venture under the name Carrier Enterprise Canada with Watsco owning 60% and UTC Climate, Controls & Security 40%. The companies operate similar joint ventures in the US, Latin America and the Caribbean.
The Canadian distribution network operates 35 locations and had revenues of approximately $330m in 2011 serving 5,000 customers in all of the provinces and territories of Canada. The joint venture will operate as a stand-alone business using its existing infrastructure under the leadership of its present management team. Following the transaction, Watsco's annual revenue run-rate will approximate $3.4bn.

Carrier Enterprise was formed as a joint venture between Watsco and Carrier in 2009.

Coronavirus industry update

UPDATED 22 April: In response to the Coronavirus pandemic, manufacturers, wholesalers and distributors are issuing statements regarding their operations as the situation evolves. The most up to date information from each company is listed below and ...

  25-Mar-2020

Designed for the future: Daiklin's new VRV 5 series

At Daikin, we continue to push the boundaries in order to create more sustainable solutions, simplify installation, enhance performance in use, and reduce our environmental footprint. In the spirit of the Paris Agreement, we aim to be CO2 neutral by ...

  18-Sep-2020

HVCA will become B&ES on 1 March

From Thursday 1 March the HVCA will become B&ES - the Building & Engineering Services Association.
  03-Sep-2020
ACR News is the number one magazine in the air conditioning and refrigeration industry. Don’t miss out, subscribe today!
Subcribe to ACR News

Diary

Chillventa
14th IIR-Gustav Lorentzen Conference on Natural Refrigerants
FETA Annual Lunch
16th IIR Conference on Cryogenics