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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.

The IOR Annual Conference – a conference on-demand

Delegates to the IOR Annual Conference taking place from 21 to 22 April will get the chance to access the event live and all sessions and recordings for up six months afterwards providing fantastic value and allowing anyone registering for the event ...

  01-Apr-2021

New Design Envelope Tango ensures uninterrupted service

Armstrong has introduced larger sizes of the Design Envelope Tango, a compact, low-carbon dual pump that ensures uninterrupted service, even during maintenance.? The Design Envelope Tango includes two motors and two impeller assemblies in a single ...

  28-May-2025

Sanhua’s REVOlution for supermarket refrigeration

SANHUA is proud to present its latest innovation in refrigeration technology – the REVO series of controllers. Designed to provide a wide range of applications, the REVO controllers offer high performance and efficiency, ensuring that your refrigerated cabinets maintain optimal conditions for fresh food preservation.
  02-Apr-2025
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