Mergers & Acquisitions ·
Watsco completes $505M acquisition of Granite Group Holdings, issuing 338,176 shares
WSOWatsco Inc
Watsco completed its merger with Granite Group Holdings on October 9, 2026. The company paid aggregate consideration of $505 million, consisting of 80% cash and 20% in common stock. Watsco issued 338,176 shares as part of the equity component. Granite Group is a diversified distributor of plumbing and HVAC products with approximately $500 million in sales across seven Northeast states. Watsco operates as a major distributor of air conditioning, heating, and refrigeration parts.