Markets WSO

Watsco Agrees To Acquire Jackson Supply Company For Undisclosed Sum

(RTTNews) - Watsco, Inc. (WSO), a distributor of air conditioning, heating and refrigeration equipment, announced on Tuesday that it has agreed to acquire Jackson Supply company, a sunbelt HVAC distributor.

The financial details of the transaction, expected to close in the second quarter, have not been divulged.

Jackson Supply will retain its identity and will continue to be led by Jim Durrett and Jennifer Ballsieper while adopting Watsco's technology platforms to support customers.

Currently, Jackson Supply serves about 5,000 customers from 25 locations in high-growth markets and has recorded sales of $230 million in 2025.

On the NYSE, shares of Watsco were losing 1.28 percent in pre market activity at $451.15, after closing Monday's regular trading 3.68 percent higher at $456.86

RTTNews
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.
More articles by this source

Tags

Stocks Mentioned

Latest Articles

Data is currently not available